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

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 daily trading volume, of 13,882 shares, the short-interest ratio is currently 0.5 days. Currently, 0.0% of the company’s shares are sold short.

Trend Micro Stock Performance

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

Trend Micro (OTCMKTS:TMICY) last released its quarterly 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 net margin of 13.23% and a return on equity of 30.36%. The company had revenue of $467.01 million during the quarter, compared to analysts’ expectations of $455.87 million. Analysts forecast that Trend Micro will post 1.81 earnings per share for the current year.

Wall Street Analyst Weigh In

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