Trend Micro Inc. (OTCMKTS:TMICY) Sees Large Decline in Short Interest

Trend Micro Inc. (OTCMKTS:TMICY) was the recipient of a significant drop in short interest in September. As of September 30th, there was short interest totaling 198 shares, a drop of 94.6% from the September 15th total of 3,687 shares. Currently, 0.0% of the shares of the stock are sold short. Based on an average daily trading volume, of 13,669 shares, the short-interest ratio is currently 0.0 days.

Trend Micro Trading Up 5.0%

OTCMKTS:TMICY traded up $2.31 during trading hours on Friday, hitting $48.16. The company had a trading volume of 6,740 shares, compared to its average volume of 8,556. Trend Micro has a 1 year low of $31.09 and a 1 year high of $52.11. The company has a market cap of $6.29 billion, a P/E ratio of 27.36 and a beta of 0.80. The company has a 50-day moving average of $39.80 and a 200 day moving average of $37.86.

Trend Micro (OTCMKTS:TMICY) last announced its quarterly earnings results on Thursday, August 13th. The technology company reported $0.17 earnings per share for the quarter, missing the consensus estimate of $0.40 by ($0.23). Trend Micro had a net margin of 12.30% and a return on equity of 28.58%. The firm had revenue of $469.40 million for the quarter, compared to analyst estimates of $456.51 million. On average, analysts forecast that Trend Micro will post 1.41 earnings per share for the current year.

Wall Street Analyst Weigh In

Separately, Zacks Research lowered shares of Trend Micro from a “hold” rating to a “strong sell” rating in a research report on Wednesday, September 9th. One research analyst has rated the stock with a Strong Buy rating and one has issued a Sell rating to the company’s stock. Based on data from MarketBeat.com, Trend Micro has a consensus rating of “Moderate Buy”.

About Trend Micro

Trend Micro Incorporated is a global cybersecurity company that develops security software and services for businesses, government organizations, small and medium-sized enterprises, and individual consumers. Its offerings are designed to protect endpoints, servers, networks, cloud environments, email systems, and other connected devices from malware, ransomware, phishing, data breaches, and other cyber threats.

The company provides cloud and hybrid-cloud security, endpoint and network defense, email security, identity protection, and extended detection and response (XDR) capabilities.