Short Interest in Trend Micro Inc. (OTCMKTS:TMICY) Declines By 42.5%

Trend Micro Inc. (OTCMKTS:TMICY) saw a significant drop in short interest in the month of May. As of May 15th, there was short interest totaling 8,028 shares, a drop of 42.5% from the April 30th total of 13,964 shares. Based on an average daily volume of 19,444 shares, the short-interest ratio is presently 0.4 days. Currently, 0.0% of the shares of the stock are sold short.

Trend Micro Trading Down 3.8%

TMICY traded down $1.54 during trading on Tuesday, hitting $39.34. The company’s stock had a trading volume of 12,184 shares, compared to its average volume of 9,299. Trend Micro has a twelve month low of $31.09 and a twelve month high of $79.99. The business’s fifty day simple moving average is $35.39 and its 200 day simple moving average is $39.13. The firm has a market capitalization of $5.14 billion, a price-to-earnings ratio of 20.93 and a beta of 0.80.

Trend Micro (OTCMKTS:TMICY) last issued its quarterly earnings data on Thursday, May 14th. The technology company reported $0.57 EPS for the quarter, beating the consensus estimate of $0.54 by $0.03. Trend Micro had a return on equity of 29.39% and a net margin of 13.23%.The company had revenue of $467.01 million for the quarter, compared to analyst estimates of $455.87 million.

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.