Internet Initiative Japan, Inc. (OTCMKTS:IIJIY) Stock Short Interest Report for September

Internet Initiative Japan, Inc. (OTCMKTS:IIJIY) was the recipient of a significant decline in short interest in September. As of September 30th, there was short interest totaling 111 shares, a decline of 83.4% from the September 15th total of 670 shares. Approximately 0.0% of the company’s stock are short sold. Based on an average daily volume of 352 shares, the short-interest ratio is presently 0.3 days.

Internet Initiative Japan Trading Up 3.9%

Shares of IIJIY opened at $46.00 on Friday. Internet Initiative Japan has a twelve month low of $27.00 and a twelve month high of $46.00. The firm has a market capitalization of $4.22 billion, a price-to-earnings ratio of 25.27 and a beta of 1.14. The firm’s fifty day simple moving average is $43.00 and its 200-day simple moving average is $39.03.

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). Internet Initiative Japan had a return on equity of 15.74% and a net margin of 6.79%. The firm had revenue of $616.85 million for the quarter, compared to the consensus estimate of $537.56 million.

Wall Street Analyst Weigh In

Separately, The Goldman Sachs Group started coverage on shares of Internet Initiative Japan in a research report on Tuesday, June 30th. They issued a “neutral” rating for the company. One investment analyst has rated the stock with a Hold rating. Based on data from MarketBeat.com, the company currently has a consensus rating of “Hold”.

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 systems integration solutions. The company serves enterprises, government organizations, and other institutions with services designed to support digital communications and information technology operations.

IIJ’s offerings include internet access, wide-area networking, data center and cloud services, cybersecurity, managed network services, and systems development and integration.