Short Interest in Trend Micro Inc. (OTCMKTS:TMICY) Drops By 80.0%

Trend Micro Inc. (OTCMKTS:TMICY) was the recipient of a significant decrease in short interest during the month of May. As of May 29th, there was short interest totaling 1,609 shares, a decrease of 80.0% from the May 14th total of 8,028 shares. Currently, 0.0% of the company’s stock are short sold. Based on an average daily trading volume, of 18,425 shares, the days-to-cover ratio is presently 0.1 days.

Analyst Upgrades and Downgrades

TMICY has been the topic of several recent analyst 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 raised Trend Micro to a “strong sell” rating in a report on Thursday, June 4th. One investment analyst has rated the stock with a Strong Buy rating and one has assigned a Sell rating to the company’s stock. According to data from MarketBeat, Trend Micro has a consensus rating of “Moderate Buy”.

Trend Micro Price Performance

OTCMKTS TMICY opened at $38.76 on Friday. Trend Micro has a 1 year low of $31.09 and a 1 year high of $77.08. The company has a market capitalization of $5.07 billion, a PE ratio of 20.62 and a beta of 0.80. The company has a fifty day moving average of $36.45 and a two-hundred day moving average of $38.51.

Trend Micro (OTCMKTS:TMICY) last released its quarterly earnings data on Thursday, May 14th. The technology company reported $0.57 earnings per share (EPS) for the quarter, beating 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 company had revenue of $467.01 million during the quarter, compared to the consensus estimate of $455.87 million. On average, research analysts expect that Trend Micro will post 1.81 earnings per share 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.