Internet Initiative Japan, Inc. (OTCMKTS:IIJIY) Stock Short Interest Falls 83.4%

Internet Initiative Japan, Inc. (OTCMKTS:IIJIY) saw a large decrease in short interest in September. As of September 30th, there was short interest totaling 111 shares, a decrease 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 days-to-cover ratio is currently 0.3 days.

Analysts Set New Price Targets

Separately, The Goldman Sachs Group initiated coverage on Internet Initiative Japan in a research note on Tuesday, June 30th. They issued a “neutral” rating for the company. One investment analyst has rated the stock with a Hold rating. According to MarketBeat, the company presently has an average rating of “Hold”.

Internet Initiative Japan Price Performance

Shares of OTCMKTS:IIJIY traded up $1.74 during trading on Friday, reaching $46.00. 726 shares of the stock were exchanged, compared to its average volume of 209. Internet Initiative Japan has a 1-year low of $27.00 and a 1-year high of $46.00. The stock has a fifty day moving average of $43.00 and a two-hundred day moving average of $39.03. The firm has a market cap of $4.22 billion, a price-to-earnings ratio of 25.27 and a beta of 1.14.

Internet Initiative Japan (OTCMKTS:IIJIY) last issued its earnings results 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 firm had revenue of $616.85 million during 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. 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.