Short Interest in Trend Micro Incorporated (OTCMKTS:TMICY) Decreases By 71.4%

Trend Micro Incorporated (OTCMKTS:TMICYGet Rating) was the target of a significant decrease in short interest in the month of April. As of April 30th, there was short interest totalling 800 shares, a decrease of 71.4% from the April 15th total of 2,800 shares. Based on an average daily trading volume, of 15,300 shares, the short-interest ratio is presently 0.1 days.

OTCMKTS:TMICY opened at $53.31 on Friday. The company has a market cap of $7.50 billion, a P/E ratio of 21.78, a P/E/G ratio of 2.42 and a beta of 0.31. Trend Micro has a fifty-two week low of $48.44 and a fifty-two week high of $62.20. The firm’s 50 day moving average is $57.25 and its two-hundred day moving average is $56.23.

Trend Micro (OTCMKTS:TMICYGet Rating) last posted its quarterly earnings results on Thursday, February 17th. The technology company reported $0.80 earnings per share for the quarter. The company had revenue of $450.48 million for the quarter, compared to the consensus estimate of $463.90 million. Trend Micro had a net margin of 20.11% and a return on equity of 18.91%. As a group, research analysts anticipate that Trend Micro will post 1.89 earnings per share for the current year.

Separately, Zacks Investment Research downgraded shares of Trend Micro from a “buy” rating to a “hold” rating in a research note on Wednesday, February 9th.

Trend Micro Company Profile (Get Rating)

Trend Micro Incorporated develops and sells security-related software for computers and the Internet primarily in Japan. The company offers hybrid cloud security solutions, such conformity, workload, container, file storage, application, network, and open-source security products. It also provides intrusion prevention, threat protection, industrial and mobile network security products, as well as offers email, mobile, web, and industrial endpoint security products.

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