Short Interest in Internet Initiative Japan, Inc. (OTCMKTS:IIJIY) Increases By 69.9%

Key Points

• Short interest in Internet Initiative Japan (IIJIY) rose by 69.9% in March to 260 shares (from 153 on Feb. 26), with a days-to-cover of 0.9 — however, shorted shares remain effectively negligible at ~0.0% of the float.
• IIJ missed its last quarterly estimates (EPS $0.46 vs. $0.57 expected; revenue $557.44M vs. $565.72M), and the stock was trading flat at $29.72 with a market cap of $2.73B and a one-year range of $27.00–$44.71; analysts project FY EPS of 0.37.

Internet Initiative Japan, Inc. (OTCMKTS:IIJIY - Get Free Report) was the target of a large growth in short interest in March. As of March 13th, there was short interest totaling 260 shares, a growth of 69.9% from the February 26th total of 153 shares. Based on an average daily volume of 299 shares, the days-to-cover ratio is currently 0.9 days. Approximately 0.0% of the shares of the stock are sold short.

Internet Initiative Japan Price Performance

Shares of IIJIY stock remained flat at $29.72 during trading hours on Friday. The stock had a trading volume of 4 shares, compared to its average volume of 132. Internet Initiative Japan has a 1-year low of $27.00 and a 1-year high of $44.71. The firm has a market cap of $2.73 billion, a P/E ratio of 17.69 and a beta of 1.19. The stock has a 50-day simple moving average of $29.74 and a two-hundred day simple moving average of $33.64.

Internet Initiative Japan (OTCMKTS:IIJIY - Get Free Report) last announced its quarterly earnings data on Thursday, February 5th. The communications equipment provider reported $0.46 EPS for the quarter, missing analysts' consensus estimates of $0.57 by ($0.11). The company had revenue of $557.44 million for the quarter, compared to analysts' expectations of $565.72 million. Internet Initiative Japan had a return on equity of 15.12% and a net margin of 6.64%. As a group, analysts anticipate that Internet Initiative Japan will post 0.37 earnings per share for the current fiscal year.

About Internet Initiative Japan

Internet Initiative Japan Inc OTCMKTS: IIJIY was founded in 1992 and is recognized as Japan's first commercial Internet service provider. Headquartered in Tokyo, the company builds and operates large‐scale IP networks, offering a full suite of connectivity solutions including dedicated internet access, virtual private networks (VPNs), multiprotocol label switching (MPLS) services, and high‐capacity leased lines. IIJ's network backbone spans major Japanese cities and is linked to international points of presence, supporting both domestic and cross-border data traffic.

In addition to core connectivity services, IIJ provides a broad portfolio of IT infrastructure offerings.

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