Trend Micro Inc. (OTCMKTS:TMICY) Short Interest Down 56.3% in July

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 large decrease in short interest during the month of July. As of July 15th, there was short interest totaling 700 shares, adecreaseof56.3% from the June 30th total of 1,600 shares. Currently,0.0% of the shares of the stock are sold short. Based on an average trading volume of 2,800 shares, the short-interest ratio is currently 0.3 days. Based on an average trading volume of 2,800 shares, the short-interest ratio is currently 0.3 days. Currently,0.0% of the shares of the stock are sold short.

Trend Micro Stock Up 0.7%

Shares of Trend Micro stock traded up $0.40 on Friday, hitting $61.47. 2,434 shares of the company were exchanged, compared to its average volume of 1,812. The company has a 50-day moving average price of $69.33 and a 200 day moving average price of $67.98. The stock has a market capitalization of $8.66 billion, a price-to-earnings ratio of 37.94 and a beta of 0.71. Trend Micro has a 1-year low of $44.00 and a 1-year high of $79.99.

Trend Micro (OTCMKTS:TMICY - Get Free Report) last released its quarterly earnings data on Thursday, May 8th. The technology company reported $0.44 earnings per share for the quarter, missing analysts' consensus estimates of $0.52 by ($0.08). The company had revenue of $465.43 million for the quarter, compared to analyst estimates of $483.12 million. Trend Micro had a net margin of 11.85% and a return on equity of 29.92%. Research analysts forecast that Trend Micro will post 1.94 EPS for the current year.

About Trend Micro

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.