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

Trend Micro Inc. (OTCMKTS:TMICY) was the recipient of a significant growth in short interest in the month of July. As of July 15th, there was short interest totaling 6,566 shares, a growth of 1,058.0% from the June 30th total of 567 shares. Based on an average trading volume of 22,014 shares, the short-interest ratio is presently 0.3 days. Approximately 0.0% of the shares of the stock are short sold.

Wall Street Analyst Weigh In

Several research firms have issued reports on TMICY. Jefferies Financial Group upgraded Trend Micro from a “hold” rating to a “strong-buy” rating in a research note on Thursday, June 4th. Zacks Research raised shares of Trend Micro to a “strong sell” rating in a report 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. According to data from MarketBeat.com, Trend Micro currently has a consensus rating of “Moderate Buy”.

Trend Micro Trading Up 2.6%

OTCMKTS:TMICY opened at $38.36 on Friday. The stock has a market capitalization of $5.01 billion, a P/E ratio of 20.40 and a beta of 0.81. Trend Micro has a 1 year low of $31.09 and a 1 year high of $65.49. The firm has a 50 day moving average of $38.15 and a 200-day moving average of $36.87.

Trend Micro (OTCMKTS:TMICY) last released its quarterly earnings results on Thursday, May 14th. The technology company reported $0.57 EPS for the quarter, topping analysts’ consensus estimates of $0.54 by $0.03. Trend Micro had a return on equity of 30.36% and a net margin of 13.23%.The business had revenue of $467.01 million for the quarter, compared to analyst estimates of $455.87 million. As a group, analysts forecast that Trend Micro will post 1.81 EPS for the current fiscal year.

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.