Trend Micro Inc. (OTCMKTS:TMICY – Get Free Report) saw a large decrease in short interest during the month of June. As of June 30th, there was short interest totaling 567 shares, a decrease of 92.5% from the June 15th total of 7,555 shares. Based on an average daily volume of 22,122 shares, the days-to-cover ratio is currently 0.0 days. Approximately 0.0% of the company’s stock are short sold.
Analysts Set New Price Targets
Several brokerages have issued reports on TMICY. Zacks Research raised shares of Trend Micro to a “strong sell” rating in a report on Thursday, June 4th. Jefferies Financial Group upgraded shares of Trend Micro from a “hold” rating to a “strong-buy” rating in a report on Thursday, June 4th. One research analyst has rated the stock with a Strong Buy rating and one has assigned a Sell rating to the company. According to MarketBeat.com, Trend Micro has an average rating of “Moderate Buy”.
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Trend Micro Stock Performance
Trend Micro (OTCMKTS:TMICY – Get Free Report) last released its quarterly earnings data on Thursday, May 14th. The technology company reported $0.57 EPS for the quarter, topping the consensus estimate of $0.54 by $0.03. Trend Micro had a return on equity of 30.36% and a net margin of 13.23%.The company had revenue of $467.01 million during the quarter, compared to the consensus estimate of $455.87 million. Sell-side analysts predict that Trend Micro will post 1.81 EPS for the current fiscal year.
About Trend Micro
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.
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