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.

Featured Stories

Receive News & Ratings for Trend Micro Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Trend Micro and related companies with MarketBeat.com's FREE daily email newsletter.