Internet Initiative Japan, Inc. (OTCMKTS:IIJIY) Stock Short Interest Climbs 226.1%

Internet Initiative Japan, Inc. (OTCMKTS:IIJIY) was the recipient of a significant growth in short interest during the month of October. As of October 15th, there was short interest totaling 362 shares, a growth of 226.1% from the September 30th total of 111 shares. Based on an average daily volume of 263 shares, the short-interest ratio is presently 1.4 days. Currently, 0.0% of the company’s stock are sold short.

Internet Initiative Japan Price Performance

IIJIY stock opened at $44.66 on Thursday. The business has a 50 day moving average price of $43.53 and a two-hundred day moving average price of $37.29. The company has a market cap of $4.10 billion, a price-to-earnings ratio of 24.54 and a beta of 1.14. Internet Initiative Japan has a twelve month low of $27.00 and a twelve month high of $47.46.

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

About Internet Initiative Japan

Internet Initiative Japan Inc (IIJ) is a Japanese information technology and telecommunications company that provides internet connectivity, network services, and systems integration solutions. Founded in 1992, IIJ is recognized as one of Japan’s early commercial internet service providers and primarily serves businesses, government organizations, and other institutional customers.

The company offers dedicated internet access, wide-area networking, data center and cloud services, mobile communications, cybersecurity, and managed network operations.