Trend Micro Inc. (OTCMKTS:TMICY) Sees Large Growth in Short Interest

Trend Micro Inc. (OTCMKTS:TMICY) was the target of a significant growth in short interest in June. As of June 15th, there was short interest totaling 7,555 shares, a growth of 369.5% from the May 31st total of 1,609 shares. Currently, 0.0% of the shares of the stock are short sold. Based on an average daily volume of 13,882 shares, the short-interest ratio is presently 0.5 days.

Trend Micro Stock Performance

OTCMKTS TMICY opened at $35.61 on Monday. The stock has a fifty day simple moving average of $36.97 and a 200-day simple moving average of $37.46. The stock has a market cap of $4.65 billion, a PE ratio of 18.94 and a beta of 0.80. Trend Micro has a twelve month low of $31.09 and a twelve month high of $70.98.

Trend Micro (OTCMKTS:TMICY) last issued its quarterly earnings data on Thursday, May 14th. The technology company reported $0.57 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.54 by $0.03. Trend Micro had a net margin of 13.23% and a return on equity of 30.36%. The firm had revenue of $467.01 million for the quarter, compared to analyst estimates of $455.87 million. Research analysts predict that Trend Micro will post 1.81 EPS for the current year.

Analysts Set New Price Targets

A number of equities analysts recently commented on TMICY shares. Zacks Research upgraded Trend Micro to a “strong sell” rating in a research report on Thursday, June 4th. Jefferies Financial Group upgraded 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 issued a Sell rating to the stock. Based on data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy”.

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.