Trend Micro Inc. (OTCMKTS:TMICY) Short Interest Down 47.1% in August

Trend Micro Inc. (OTCMKTS:TMICY) was the recipient of a significant decline in short interest in August. As of August 31st, there was short interest totaling 4,661 shares, a decline of 47.1% from the August 15th total of 8,815 shares. Based on an average daily volume of 25,204 shares, the short-interest ratio is presently 0.2 days. Currently, 0.0% of the shares of the stock are sold short.

Analyst Ratings Changes

TMICY has been the subject of a number of research reports. Jefferies Financial Group raised Trend Micro from a “hold” rating to a “strong-buy” rating in a research note on Thursday, June 4th. Zacks Research downgraded Trend Micro from a “hold” rating to a “strong sell” rating in a research note on Wednesday, September 9th. One equities research analyst has rated the stock with a Strong Buy rating and one has assigned a Sell rating to the company. Based on data from MarketBeat, Trend Micro has an average rating of “Moderate Buy”.

Trend Micro Trading Up 1.1%

OTCMKTS:TMICY opened at $41.16 on Wednesday. Trend Micro has a twelve month low of $31.09 and a twelve month high of $60.28. The company has a 50-day moving average of $38.56 and a 200-day moving average of $36.76. The firm has a market cap of $5.38 billion, a price-to-earnings ratio of 23.38 and a beta of 0.79.

Trend Micro (OTCMKTS:TMICY) last released its earnings results on Thursday, August 13th. The technology company reported $0.17 EPS for the quarter, missing analysts’ consensus estimates of $0.40 by ($0.23). Trend Micro had a return on equity of 27.93% and a net margin of 12.30%.The business had revenue of $469.40 million during the quarter, compared to the consensus estimate of $456.51 million. On average, research analysts forecast that Trend Micro will post 1.41 earnings per share for the current year.

Trend Micro Company Profile

Trend Micro Incorporated is a global cybersecurity company headquartered in Tokyo, Japan. Founded in 1988, the company develops security solutions designed to protect organizations, businesses and consumers from malware, ransomware, phishing, data breaches and other cyber threats.

Its product portfolio includes endpoint and server security, cloud and data-center protection, network defense, email security, identity and zero-trust solutions, and extended detection and response (XDR) capabilities.