Short Interest in Internet Initiative Japan, Inc. (OTCMKTS:IIJIY) Increases By 66.7%

Key Points

• Short interest in Internet Initiative Japan, Inc. (OTCMKTS:IIJIY) increased by 66.7% in July, reaching a total of 2,000 shares as of July 15th.
• The company reported earnings of $0.45 per share for the last quarter, missing estimates of $0.52, but revenue was higher than expected at $590.48 million.
• Analysts at Wall Street Zen have downgraded the company from a "buy" to a "hold" rating as of July 20th.

Internet Initiative Japan, Inc. (OTCMKTS:IIJIY - Get Free Report) saw a large growth in short interest in July. As of July 15th, there was short interest totaling 2,000 shares, agrowthof66.7% from the June 30th total of 1,200 shares. Based on an average daily volume of 1,000 shares, the days-to-cover ratio is currently 2.0 days. Based on an average daily volume of 1,000 shares, the days-to-cover ratio is currently 2.0 days.

Internet Initiative Japan Stock Performance

OTCMKTS:IIJIY traded up $0.43 on Friday, hitting $38.46. The stock had a trading volume of 2,965 shares, compared to its average volume of 328. The stock has a market cap of $3.52 billion, a P/E ratio of 25.30 and a beta of 1.02. Internet Initiative Japan has a 1 year low of $32.10 and a 1 year high of $44.71. The firm's fifty day simple moving average is $37.95 and its two-hundred day simple moving average is $36.37.

Internet Initiative Japan (OTCMKTS:IIJIY - Get Free Report) last posted its quarterly earnings data on Thursday, August 7th. The communications equipment provider reported $0.29 EPS for the quarter, missing the consensus estimate of $0.37 by ($0.08). The firm had revenue of $521.19 million during the quarter, compared to analysts' expectations of $534.99 million. Internet Initiative Japan had a net margin of 6.32% and a return on equity of 14.91%. Equities research analysts predict that Internet Initiative Japan will post 0.37 EPS for the current year.

Analyst Upgrades and Downgrades

Separately, Wall Street Zen cut shares of Internet Initiative Japan from a "buy" rating to a "hold" rating in a research report on Sunday, July 20th.

About Internet Initiative Japan

Internet Initiative Japan Inc provides Internet connectivity, WAN, outsourcing, systems integration, and network-related equipment sales services in Japan. It operates through two segments, Network Services and Systems Integration Business, and ATM Operation Business. The company offers mobile communication and remote access/telework services; WAN/network services, including SDN, multi-cloud network, closed connection, internet VPN, SEIL, remote access, wireless LAN, and GIGA-school; leased line and broadband services; IIJ DNS platform, and domain name registration and maintenance services; IIJ access ID management, dial-up access, and IIJ IPv6 fiber access services; and security solutions for IIJ managed firewall, DDoS protection, and managed IPS/IDS services.