Internet Initiative Japan, Inc. (OTCMKTS:IIJIY) Shares Shorted: Short Interest Up 226.1% in October

Internet Initiative Japan, Inc. (OTCMKTS:IIJIY) was the target of a large 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 currently 1.4 days. Currently, 0.0% of the shares of the company are short sold.

Internet Initiative Japan Stock Performance

Internet Initiative Japan stock opened at $44.66 on Thursday. The stock has a 50-day simple moving average of $43.53 and a 200 day simple moving average of $37.29. The stock has a market capitalization of $4.10 billion, a P/E ratio of 24.54 and a beta of 1.14. Internet Initiative Japan has a 52 week low of $27.00 and a 52 week high of $47.46.

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

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. 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.