Trend Micro Inc. (OTCMKTS:TMICY) Sees Significant Increase in Short Interest

Trend Micro Inc. (OTCMKTS:TMICY) was the recipient of a significant increase in short interest during the month of April. As of April 30th, there was short interest totaling 13,964 shares, an increase of 463.1% from the April 15th total of 2,480 shares. Based on an average trading volume of 29,061 shares, the short-interest ratio is presently 0.5 days. Approximately 0.0% of the shares of the company are sold short.

Trend Micro Stock Performance

Shares of TMICY stock opened at $35.37 on Thursday. The stock’s 50-day moving average is $34.32 and its two-hundred day moving average is $40.32. Trend Micro has a 1 year low of $31.09 and a 1 year high of $79.99. The firm has a market cap of $4.62 billion, a price-to-earnings ratio of 20.21 and a beta of 0.77.

Trend Micro (OTCMKTS:TMICY) last posted its earnings results on Thursday, May 14th. The technology company reported $0.57 earnings per share for the quarter, beating the consensus estimate of $0.54 by $0.03. Trend Micro had a return on equity of 28.76% and a net margin of 12.51%.

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.