Internet Initiative Japan Inc. (OTCMKTS:IIJIY) Short Interest Down 63.0% in April

Internet Initiative Japan Inc. (OTCMKTS:IIJIY – Get Rating) was the target of a significant drop in short-term interest in April. As of April 30, there was short interest totaling 1,000 shares, a decline of 63.0% from the April 15 total of 2,700 shares. Based on an average trading volume of 400 shares, the day-to-cover ratio is currently 2.5 days.

Separately, Zacks Investment Research upgraded Internet Initiative Japan shares from a “sell” rating to a “hold” rating in a Thursday, May 5, research rating.

Shares of IIJIY opened at $30.29 on Thursday. The company has a debt ratio of 0.05, a quick ratio of 1.28 and a current ratio of 1.31. The company’s 50-day moving average is $32.19 and its two-hundred-day moving average is $35.46. Internet Initiative Japan has a 12-month low of $22.98 and a 12-month high of $43.60.

About the Japan Internet Initiative (Get an assessment)

Internet Initiative Japan Inc provides Internet connectivity, WAN, outsourcing, system 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/telecommuting services; WAN/network services including SDN, multicloud 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; management of IIJ access credentials, dial-up access and IIJ IPv6 fiber access services; and security solutions for network, email, web, endpoint, credential management and authentication, and security assessment/consulting.

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