Trend Micro Inc. (OTCMKTS:TMICY) Short Interest Update

Trend Micro Inc. (OTCMKTS:TMICY – Get Free Report) was the target of a large 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. Approximately 0.0% of the shares of the stock are sold short. Based on an average daily volume of 25,204 shares, the days-to-cover ratio is presently 0.2 days.

Trend Micro Stock Down 0.0%

TMICY traded down $0.01 on Thursday, hitting $40.78. The company had a trading volume of 12,582 shares, compared to its average volume of 12,368. The company has a market cap of $5.33 billion, a PE ratio of 23.17 and a beta of 0.79. Trend Micro has a 12-month low of $31.09 and a 12-month high of $60.28. The business’s fifty day simple moving average is $38.61 and its 200 day simple moving average is $36.81.

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Trend Micro (OTCMKTS:TMICY – Get Free Report) last posted its quarterly earnings data on Thursday, August 13th. The technology company reported $0.17 earnings per share for the quarter, missing analysts’ consensus estimates of $0.40 by ($0.23). The firm had revenue of $469.40 million for the quarter, compared to the consensus estimate of $456.51 million. Trend Micro had a net margin of 12.30% and a return on equity of 27.93%. On average, analysts anticipate that Trend Micro will post 1.41 earnings per share for the current fiscal year.

Analyst Ratings Changes

TMICY has been the subject of a number of research analyst reports. Jefferies Financial Group upgraded Trend Micro from a “hold” rating to a “strong-buy” rating in a research report on Thursday, June 4th. Zacks Research lowered 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 stock. According to MarketBeat, Trend Micro has a consensus rating of “Moderate Buy”.

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Trend Micro Company Profile

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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.

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