Trend Micro Incorporated (OTCMKTS:TMICY) Sees Significant Decline in Short Interest

Trend Micro Incorporated (OTCMKTS:TMICY) saw a large drop in short interest during the month of July. As of July 15th, there was short interest totalling 200 shares, a drop of 33.3% from the June 30th total of 300 shares. Based on an average daily volume of 12,900 shares, the days-to-cover ratio is currently 0.0 days.

Trend Micro Price Performance

Shares of OTCMKTS TMICY traded up $0.83 during mid-day trading on Friday, hitting $47.42. The company’s stock had a trading volume of 6,133 shares, compared to its average volume of 5,938. The stock has a market cap of $6.68 billion, a price-to-earnings ratio of 48.39 and a beta of 0.60. Trend Micro has a one year low of $36.63 and a one year high of $58.80. The company’s fifty day simple moving average is $44.16 and its 200-day simple moving average is $49.32.

Trend Micro (OTCMKTS:TMICY) last issued its earnings results on Wednesday, May 8th. The technology company reported $0.53 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.49 by $0.04. The company had revenue of $443.98 million for the quarter. Trend Micro had a net margin of 5.92% and a return on equity of 9.97%. On average, sell-side analysts predict that Trend Micro will post 1.63 EPS for the current year.

About Trend Micro

Trend Micro Incorporated develops and sells security-related software for computers and related services in Japan and internationally. The company offers platforms, such as vision one platform, attack surface management, extended detection and response (XDR), cloud security, endpoint security, network security, email security, OT/ICS security, and threat intelligence.