Internet Initiative Japan, Inc. (OTCMKTS:IIJIY) Short Interest Update

Internet Initiative Japan, Inc. (OTCMKTS:IIJIY) was the target of a large growth in short interest during the month of September. As of September 15th, there was short interest totaling 670 shares, a growth of 963.5% from the August 31st total of 63 shares. Based on an average daily volume of 2,907 shares, the short-interest ratio is currently 0.2 days. Currently, 0.0% of the shares of the company are short sold.

Analysts Set New Price Targets

Separately, The Goldman Sachs Group began coverage on Internet Initiative Japan in a research report on Tuesday, June 30th. They set a “neutral” rating on the stock. One analyst has rated the stock with a Hold rating, According to MarketBeat, the company has a consensus rating of “Hold”.

Internet Initiative Japan Price Performance

IIJIY stock opened at $42.70 on Friday. The company has a fifty day moving average price of $42.74 and a two-hundred day moving average price of $37.95. Internet Initiative Japan has a one year low of $27.00 and a one year high of $44.61. The stock has a market cap of $3.92 billion, a price-to-earnings ratio of 23.46 and a beta of 1.11.

Internet Initiative Japan (OTCMKTS:IIJIY) last issued its quarterly earnings data on Thursday, August 6th. The communications equipment provider reported $0.31 earnings per share for the quarter, missing the consensus estimate of $0.32 by ($0.01). The company had revenue of $616.85 million during the quarter, compared to the consensus estimate of $537.56 million. Internet Initiative Japan had a net margin of 6.79% and a return on equity of 15.74%.

Internet Initiative Japan Company Profile

Internet Initiative Japan Inc (IIJ) is a Japanese information technology and telecommunications company that provides internet connectivity, network services and integrated digital solutions. Founded in 1992, the company is recognized as one of Japan’s early commercial internet service providers.

IIJ offers a broad range of services for businesses, government organizations and consumers, including dedicated internet access, wide-area networking, cloud computing, data center services, cybersecurity, systems integration and managed IT services.