Internet Initiative Japan Inc. (OTCMKTS:IIJIY – Get Free Report) was the target of a significant growth in short interest during the month of July. As of July 15th, there was short interest totalling 300 shares, a growth of 50.0% from the June 30th total of 200 shares. Based on an average daily trading volume, of 2,900 shares, the short-interest ratio is presently 0.1 days.
Internet Initiative Japan Stock Performance
Shares of OTCMKTS:IIJIY remained flat at $32.50 during midday trading on Monday. 92 shares of the stock traded hands, compared to its average volume of 900. The stock has a market cap of $2.98 billion, a P/E ratio of 21.24 and a beta of 0.62. Internet Initiative Japan has a 12-month low of $27.14 and a 12-month high of $41.30. The business’s 50-day moving average is $29.67 and its 200 day moving average is $34.85.
Internet Initiative Japan (OTCMKTS:IIJIY – Get Free Report) last issued its earnings results on Friday, May 10th. The communications equipment provider reported $0.52 earnings per share for the quarter. Internet Initiative Japan had a return on equity of 16.57% and a net margin of 7.16%. The business had revenue of $504.93 million for the quarter, compared to analysts’ expectations of $520.07 million. Sell-side analysts forecast that Internet Initiative Japan will post 0.34 EPS for the current year.
About Internet Initiative Japan
Internet Initiative Japan Inc provides Internet connectivity, WAN, outsourcing, systems integration, and network-related equipment sales services in Japan. It operates through two segments, Network Services and Systems Integration Business, and ATM Operation Business. The company offers mobile communication and remote access/telework services; WAN/network services, including SDN, multi-cloud network, closed connection, internet VPN, SEIL, remote access, wireless LAN, and GIGA-school; leased line and broadband services; IIJ DNS platform, and domain name registration and maintenance services; IIJ access ID management, dial-up access, and IIJ IPv6 fiber access services; and security solutions for IIJ managed firewall, DDoS protection, and managed IPS/IDS services.
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