Trend Micro Inc. (OTCMKTS:TMICY) Short Interest Down 92.5% in June

Trend Micro Inc. (OTCMKTS:TMICY) was the recipient of a significant decrease in short interest in June. As of June 30th, there was short interest totaling 567 shares, a decrease of 92.5% from the June 15th total of 7,555 shares. Currently, 0.0% of the shares of the stock are sold short. Based on an average daily volume of 22,122 shares, the short-interest ratio is presently 0.0 days.

Trend Micro Stock Down 2.0%

OTCMKTS:TMICY traded down $0.77 on Friday, reaching $37.86. The stock had a trading volume of 23,550 shares, compared to its average volume of 7,407. The company has a market capitalization of $4.95 billion, a P/E ratio of 20.14 and a beta of 0.81. Trend Micro has a 1-year low of $31.09 and a 1-year high of $65.51. The stock has a fifty day moving average price of $37.42 and a 200-day moving average price of $37.12.

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

Wall Street Analysts Forecast Growth

TMICY has been the topic of a number of recent research reports. Jefferies Financial Group raised 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 report on Thursday, June 4th. One investment analyst has rated the stock with a Strong Buy rating and one has given a Sell rating to the company’s stock. Based on data from MarketBeat, the stock 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.