Trend Micro Inc. (OTCMKTS:TMICY) Short Interest Update

Trend Micro Inc. (OTCMKTS:TMICY) saw a significant growth in short interest in the month of June. As of June 15th, there was short interest totaling 7,555 shares, a growth of 369.5% from the May 31st total of 1,609 shares. Currently, 0.0% of the company’s stock are sold short. Based on an average daily trading volume, of 13,882 shares, the short-interest ratio is presently 0.5 days.

Wall Street Analysts Forecast Growth

A number of research analysts recently issued reports on the company. Jefferies Financial Group upgraded Trend Micro from a “hold” rating to a “strong-buy” rating in a report on Thursday, June 4th. Zacks Research upgraded 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 assigned a Sell rating to the company. According to data from MarketBeat.com, the company has an average rating of “Moderate Buy”.

Trend Micro Trading Up 2.2%

Trend Micro stock opened at $35.61 on Friday. Trend Micro has a 1-year low of $31.09 and a 1-year high of $70.98. The company has a fifty day simple moving average of $36.97 and a 200 day simple moving average of $37.52. The company has a market cap of $4.65 billion, a P/E ratio of 18.94 and a beta of 0.80.

Trend Micro (OTCMKTS:TMICY) last issued its quarterly earnings results on Thursday, May 14th. The technology company reported $0.57 EPS for the quarter, topping the consensus estimate of $0.54 by $0.03. Trend Micro had a net margin of 13.23% and a return on equity of 30.36%. The firm had revenue of $467.01 million for the quarter, compared to analysts’ expectations of $455.87 million. On average, equities research analysts forecast that Trend Micro will post 1.81 EPS for the current year.

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.