Internet Initiative Japan Inc. (OTCMKTS:IIJIY – Get Rating) was the target of a significant decline in short interest in the month of April. As of April 30th, there was short interest totaling 1,000 shares, a decline of 63.0% from the April 15th total of 2,700 shares. Based on an average trading volume of 400 shares, the days-to-cover ratio is presently 2.5 days.
Separately, Zacks Investment Research upgraded shares of Internet Initiative Japan from a “sell” rating to a “hold” rating in a research note on Thursday, May 5th.
Shares of IIJIY opened at $30.29 on Thursday. The company has a debt-to-equity ratio of 0.05, a quick ratio of 1.28 and a current ratio of 1.31. The firm’s 50-day moving average is $32.19 and its two-hundred day moving average is $35.46. Internet Initiative Japan has a twelve month low of $22.98 and a twelve month high of $43.60.
About Internet Initiative Japan (GetRating)
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, and wireless LAN; 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 network, mail, Web, endpoint, ID management and authentication, and security assessment/consulting.
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