Short Interest in Trend Micro Inc. (OTCMKTS:TMICY) Declines By 56.3%

Key Points

• Short interest in Trend Micro Inc. decreased by 56.3% in July, dropping to 700 shares from 1,600 shares at the end of June.
• The company experienced a missed earnings expectation for the last quarter, reporting $0.44 EPS compared to the consensus estimate of $0.52.
• Trend Micro's stock is currently trading at $62.39, reflecting fluctuations against a fifty-two week range of $44.00 to $79.99.

Trend Micro Inc. (OTCMKTS:TMICY - Get Free Report) saw a significant decrease in short interest in July. As of July 15th, there was short interest totalling 700 shares, a decrease of 56.3% from the June 30th total of 1,600 shares. Approximately 0.0% of the shares of the stock are short sold. Based on an average daily volume of 2,800 shares, the short-interest ratio is currently 0.3 days.

Trend Micro Price Performance

Shares of TMICY stock traded up $0.63 during trading hours on Tuesday, reaching $62.39. 2,640 shares of the company were exchanged, compared to its average volume of 2,544. The company has a market cap of $8.79 billion, a price-to-earnings ratio of 38.51 and a beta of 0.71. The stock's fifty day moving average is $70.33 and its two-hundred day moving average is $67.95. Trend Micro has a fifty-two week low of $44.00 and a fifty-two week high of $79.99.

Trend Micro (OTCMKTS:TMICY - Get Free Report) last issued its earnings results on Thursday, May 8th. The technology company reported $0.44 EPS for the quarter, missing the consensus estimate of $0.52 by ($0.08). Trend Micro had a net margin of 11.85% and a return on equity of 29.92%. The firm had revenue of $465.43 million during the quarter, compared to the consensus estimate of $483.12 million. On average, research analysts anticipate that Trend Micro will post 1.94 earnings per share for the current year.

Trend Micro Company Profile

Trend Micro Incorporated develops and sells security-related software for computers and related services in Japan and internationally. The company offers platforms, such as vision one platform, attack surface management, extended detection and response (XDR), cloud security, endpoint security, network security, email security, OT/ICS security, and threat intelligence.

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