Short Interest in Trend Micro Inc. (OTCMKTS:TMICY) Expands By 369.5%

Trend Micro Inc. (OTCMKTS:TMICY) saw a large growth in short interest in the month of June. As of June 15th, there was short interest totaling 7,555 shares, a growth of 369.5% from the May 31st total of 1,609 shares. Based on an average trading volume of 13,882 shares, the short-interest ratio is presently 0.5 days. Approximately 0.0% of the company’s stock are sold short.

Trend Micro Stock Performance

Shares of TMICY opened at $35.61 on Friday. The firm has a market capitalization of $4.65 billion, a P/E ratio of 18.94 and a beta of 0.80. Trend Micro has a 52 week low of $31.09 and a 52 week high of $70.98. The stock has a 50 day moving average price of $36.97 and a two-hundred day moving average price of $37.52.

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 analysts’ consensus estimates of $0.54 by $0.03. The company had revenue of $467.01 million for the quarter, compared to analyst estimates of $455.87 million. Trend Micro had a return on equity of 30.36% and a net margin of 13.23%. On average, equities analysts forecast that Trend Micro will post 1.81 earnings per share for the current year.

Analysts Set New Price Targets

A number of research firms have commented on TMICY. Zacks Research upgraded shares of Trend Micro to a “strong sell” rating in a report 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 currently has an average rating of “Moderate Buy”.

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.