Short Interest in Trend Micro Inc. (OTCMKTS:TMICY) Drops By 80.0%

Trend Micro Inc. (OTCMKTS:TMICY) saw a large decrease in short interest in the month of May. As of May 29th, there was short interest totaling 1,609 shares, a decrease of 80.0% from the May 14th total of 8,028 shares. Approximately 0.0% of the company’s shares are short sold. Based on an average daily volume of 18,425 shares, the days-to-cover ratio is currently 0.1 days.

Trend Micro Stock Performance

Shares of TMICY stock remained flat at $38.53 during trading hours on Wednesday. The stock had a trading volume of 4,401 shares, compared to its average volume of 8,751. The firm’s fifty day simple moving average is $36.21 and its 200 day simple moving average is $38.67. The firm has a market capitalization of $5.04 billion, a price-to-earnings ratio of 20.49 and a beta of 0.80. Trend Micro has a one year low of $31.09 and a one year high of $77.29.

Trend Micro (OTCMKTS:TMICY) last issued its quarterly earnings data on Thursday, May 14th. The technology company reported $0.57 EPS for the quarter, topping the consensus estimate of $0.54 by $0.03. The business had revenue of $467.01 million for the quarter, compared to the consensus estimate of $455.87 million. Trend Micro had a return on equity of 29.39% and a net margin of 13.23%. On average, equities analysts predict that Trend Micro will post 1.81 earnings per share for the current fiscal year.

Wall Street Analyst Weigh In

A number of research firms have recently weighed in on TMICY. Jefferies Financial Group raised Trend Micro from a “hold” rating to a “strong-buy” rating in a research note on Thursday, June 4th. Zacks Research raised Trend Micro to a “strong sell” rating in a research note on Thursday, June 4th. One research analyst has rated the stock with a Strong Buy rating and one has issued a Sell rating to the company. According to data from MarketBeat.com, Trend Micro presently has an average rating of “Moderate Buy”.

Trend Micro Company Profile

Trend Micro Incorporated is a global cybersecurity company that develops software and services to protect data and networks from evolving digital threats. Headquartered in Tokyo, Japan, with additional offices in North America, Europe and Asia-Pacific, the company offers solutions designed to safeguard businesses, governments and individual users. Since its founding in 1988, Trend Micro has focused on leveraging advanced threat intelligence and machine learning to deliver proactive security measures.

The company’s product portfolio spans endpoint security, network defense, cloud security and threat intelligence services.