Internet Initiative Japan, Inc. (OTCMKTS:IIJIY – Get Free Report) was the recipient of a significant drop in short interest in May. As of May 29th, there was short interest totaling 263 shares, a drop of 46.4% from the May 14th total of 491 shares. Based on an average daily volume of 1,426 shares, the short-interest ratio is currently 0.2 days. Approximately 0.0% of the company’s stock are short sold.
Internet Initiative Japan Stock Down 6.2%
Shares of OTCMKTS IIJIY traded down $2.38 during midday trading on Friday, reaching $36.08. 1,463 shares of the company’s stock traded hands, compared to its average volume of 743. The company has a market cap of $3.31 billion, a price-to-earnings ratio of 20.05 and a beta of 1.16. Internet Initiative Japan has a one year low of $27.00 and a one year high of $40.70. The stock’s 50 day simple moving average is $35.56 and its 200-day simple moving average is $33.44.
Internet Initiative Japan (OTCMKTS:IIJIY – Get Free Report) last announced its earnings results on Thursday, May 14th. The communications equipment provider reported $0.57 earnings per share for the quarter, beating the consensus estimate of $0.47 by $0.10. The company had revenue of $607.44 million during the quarter, compared to the consensus estimate of $598.43 million. Internet Initiative Japan had a net margin of 6.97% and a return on equity of 15.88%.
Internet Initiative Japan Company Profile
Internet Initiative Japan Inc (OTCMKTS: IIJIY) was founded in 1992 and is recognized as Japan’s first commercial Internet service provider. Headquartered in Tokyo, the company builds and operates large‐scale IP networks, offering a full suite of connectivity solutions including dedicated internet access, virtual private networks (VPNs), multiprotocol label switching (MPLS) services, and high‐capacity leased lines. IIJ’s network backbone spans major Japanese cities and is linked to international points of presence, supporting both domestic and cross-border data traffic.
In addition to core connectivity services, IIJ provides a broad portfolio of IT infrastructure offerings.
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