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

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

Wall Street Analyst Weigh In

TMICY has been the topic of several analyst reports. Zacks Research upgraded Trend Micro to a “strong sell” rating in a research note on Thursday, June 4th. Jefferies Financial Group upgraded Trend Micro from a “hold” rating to a “strong-buy” rating in a report on Thursday, June 4th. One analyst has rated the stock with a Strong Buy rating and one has issued a Sell rating to the company. According to data from MarketBeat.com, Trend Micro presently has an average rating of “Moderate Buy”.

Trend Micro Stock Down 2.0%

Trend Micro stock traded down $0.77 during trading on Friday, reaching $37.86. The stock had a trading volume of 23,550 shares, compared to its average volume of 7,407. Trend Micro has a 52-week low of $31.09 and a 52-week high of $65.51. The stock has a market cap of $4.95 billion, a PE ratio of 20.14 and a beta of 0.81. The business has a 50 day moving average price of $37.42 and a 200 day moving average price of $37.12.

Trend Micro (OTCMKTS:TMICY) last announced its quarterly earnings data on Thursday, May 14th. The technology company reported $0.57 EPS for the quarter, beating analysts’ consensus estimates of $0.54 by $0.03. The company 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%. On average, equities analysts predict that Trend Micro will post 1.81 EPS for the current fiscal 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.