Short Interest in Trend Micro Inc. (OTCMKTS:TMICY) Expands By 1,058.0%

Trend Micro Inc. (OTCMKTS:TMICY) was the target of a large increase in short interest in July. As of July 15th, there was short interest totaling 6,566 shares, an increase of 1,058.0% from the June 30th total of 567 shares. Approximately 0.0% of the company’s stock are sold short. Based on an average daily volume of 22,014 shares, the short-interest ratio is presently 0.3 days.

Trend Micro Stock Up 2.6%

Shares of OTCMKTS:TMICY opened at $38.36 on Friday. The stock has a market capitalization of $5.01 billion, a PE ratio of 20.40 and a beta of 0.81. The firm’s 50 day moving average price is $38.15 and its 200-day moving average price is $36.87. Trend Micro has a twelve month low of $31.09 and a twelve month high of $65.49.

Trend Micro (OTCMKTS:TMICY) last released its quarterly earnings results 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 business had revenue of $467.01 million for the quarter, compared to the consensus estimate of $455.87 million. Trend Micro had a net margin of 13.23% and a return on equity of 30.36%. Analysts expect that Trend Micro will post 1.81 earnings per share for the current fiscal year.

Analysts Set New Price Targets

Several research firms recently commented on TMICY. Jefferies Financial Group upgraded Trend Micro from a “hold” rating to a “strong-buy” rating in a report on Thursday, June 4th. Zacks Research raised shares of Trend Micro to a “strong sell” rating in a report on Thursday, June 4th. One research analyst has rated the stock with a Strong Buy rating and one has given a Sell rating to the company. According to data from MarketBeat.com, the company has a consensus rating of “Moderate Buy”.

About Trend Micro

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.