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

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

Trend Micro Stock Performance

OTCMKTS:TMICY remained flat at $38.53 during trading on Wednesday. The company’s stock had a trading volume of 4,401 shares, compared to its average volume of 8,751. The company has a market capitalization of $5.04 billion, a price-to-earnings ratio of 20.49 and a beta of 0.80. The company has a 50 day simple moving average of $36.21 and a 200 day simple moving average of $38.67. Trend Micro has a 52-week low of $31.09 and a 52-week high of $77.29.

Trend Micro (OTCMKTS:TMICY) last issued its quarterly earnings results on Thursday, May 14th. The technology company reported $0.57 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.54 by $0.03. The company had revenue of $467.01 million during the quarter, compared to analyst estimates of $455.87 million. Trend Micro had a net margin of 13.23% and a return on equity of 29.39%. Equities analysts forecast that Trend Micro will post 1.81 earnings per share for the current year.

Wall Street Analyst Weigh In

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