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

Trend Micro Inc. (OTCMKTS:TMICY) saw a significant increase in short interest in the month of October. As of October 15th, there was short interest totaling 1,825 shares, an increase of 821.7% from the September 30th total of 198 shares. Currently, 0.0% of the company’s shares are sold short. Based on an average daily trading volume, of 13,259 shares, the short-interest ratio is currently 0.1 days.

Analysts Set New Price Targets

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

Trend Micro Price Performance

TMICY stock opened at $48.01 on Wednesday. The stock has a market capitalization of $6.27 billion, a PE ratio of 27.28 and a beta of 0.80. The company’s 50-day moving average is $41.13 and its 200-day moving average is $38.15. Trend Micro has a 1 year low of $31.09 and a 1 year high of $52.11.

Trend Micro (OTCMKTS:TMICY) last issued its earnings results on Thursday, August 13th. The technology company reported $0.17 EPS for the quarter, missing analysts’ consensus estimates of $0.40 by ($0.23). The company had revenue of $469.40 million during the quarter, compared to analyst estimates of $456.51 million. On average, analysts anticipate that Trend Micro will post 1.41 earnings per share for the current fiscal year.

Trend Micro Company Profile

Trend Micro Incorporated is a global cybersecurity company that develops security solutions for businesses, governments and individual consumers. Its products and services are designed to protect endpoints, servers, networks, email systems, cloud environments and connected devices from malware, ransomware, phishing and other cyber threats.

The company offers cloud and network security, endpoint protection, email security, data center security and extended detection and response (XDR) solutions.