Trend Micro Inc. (OTCMKTS:TMICY) Sees Large Decrease in Short Interest

Trend Micro Inc. (OTCMKTS:TMICY) saw a large decrease in short interest in the month of September. As of September 30th, there was short interest totaling 198 shares, a decrease of 94.6% from the September 15th total of 3,687 shares. Approximately 0.0% of the shares of the stock are sold short. Based on an average daily volume of 13,669 shares, the days-to-cover ratio is presently 0.0 days.

Trend Micro Stock Performance

Shares of TMICY traded up $2.31 during mid-day trading on Friday, hitting $48.16. 6,740 shares of the company were exchanged, compared to its average volume of 8,556. The stock has a market cap of $6.29 billion, a price-to-earnings ratio of 27.36 and a beta of 0.80. Trend Micro has a 1-year low of $31.09 and a 1-year high of $52.11. The company has a 50 day moving average of $39.80 and a 200-day moving average of $37.86.

Trend Micro (OTCMKTS:TMICY) last posted its quarterly earnings data on Thursday, August 13th. The technology company reported $0.17 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.40 by ($0.23). Trend Micro had a return on equity of 28.58% and a net margin of 12.30%. The firm had revenue of $469.40 million during the quarter, compared to analyst estimates of $456.51 million. Research analysts anticipate that Trend Micro will post 1.41 earnings per share for the current fiscal year.

Analysts Set New Price Targets

Separately, Zacks Research cut Trend Micro from a “hold” rating to a “strong sell” rating in a research report on Wednesday, September 9th. One analyst has rated the stock with a Strong Buy rating and one has issued a Sell rating to the company. Based on data from MarketBeat, Trend Micro has a consensus rating of “Moderate Buy”.

Trend Micro Company Profile

Trend Micro Incorporated is a global cybersecurity company that develops security software and services for businesses, government organizations, small and medium-sized enterprises, and individual consumers. Its offerings are designed to protect endpoints, servers, networks, cloud environments, email systems, and other connected devices from malware, ransomware, phishing, data breaches, and other cyber threats.

The company provides cloud and hybrid-cloud security, endpoint and network defense, email security, identity protection, and extended detection and response (XDR) capabilities.