Trend Micro Inc. (OTCMKTS:TMICY) Short Interest Up 1,058.0% in July

Trend Micro Inc. (OTCMKTS:TMICY) saw a significant growth in short interest in July. As of July 15th, there was short interest totaling 6,566 shares, a growth of 1,058.0% from the June 30th total of 567 shares. Based on an average trading volume of 22,014 shares, the short-interest ratio is presently 0.3 days. Currently, 0.0% of the company’s stock are sold short.

Wall Street Analysts Forecast Growth

TMICY has been the topic of several research reports. Jefferies Financial Group raised shares of Trend Micro from a “hold” rating to a “strong-buy” rating in a research report on Thursday, June 4th. Zacks Research upgraded Trend Micro to a “strong sell” rating in a report on Thursday, June 4th. One analyst has rated the stock with a Strong Buy rating and one has assigned a Sell rating to the stock. According to MarketBeat.com, the company presently has a consensus rating of “Moderate Buy”.

Trend Micro Stock Performance

Trend Micro stock traded up $0.99 during midday trading on Friday, reaching $38.36. The stock had a trading volume of 2,304 shares, compared to its average volume of 33,315. The stock has a market capitalization of $5.01 billion, a P/E ratio of 20.40 and a beta of 0.81. The firm’s fifty day simple moving average is $38.09 and its 200-day simple moving average is $36.86. Trend Micro has a 1-year low of $31.09 and a 1-year high of $65.49.

Trend Micro (OTCMKTS:TMICY) last released its quarterly earnings results on Thursday, May 14th. The technology company reported $0.57 earnings per share for the quarter, topping analysts’ consensus estimates of $0.54 by $0.03. The firm had revenue of $467.01 million during the quarter, compared to the consensus estimate of $455.87 million. Trend Micro had a return on equity of 30.36% and a net margin of 13.23%. On average, sell-side analysts anticipate that Trend Micro will post 1.81 earnings per share for the current fiscal year.

About Trend Micro

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.