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Short Interest in Trend Micro Inc. (OTCMKTS:TMICY) Drops By 44.0%

Trend Micro logo with Computer and Technology background

Trend Micro Inc. (OTCMKTS:TMICY - Get Free Report) was the target of a significant drop in short interest in the month of September. As of September 30th, there was short interest totaling 2,800 shares, a drop of 44.0% from the September 15th total of 5,000 shares. Based on an average trading volume of 11,300 shares, the days-to-cover ratio is currently 0.2 days. Based on an average trading volume of 11,300 shares, the days-to-cover ratio is currently 0.2 days.

Trend Micro Trading Up 4.3%

OTCMKTS:TMICY opened at $51.69 on Tuesday. Trend Micro has a 12-month low of $49.57 and a 12-month high of $79.99. The stock has a 50-day moving average price of $54.01 and a 200 day moving average price of $63.54. The stock has a market capitalization of $7.28 billion, a P/E ratio of 32.92 and a beta of 0.70.

Trend Micro (OTCMKTS:TMICY - Get Free Report) last posted its quarterly earnings results on Thursday, August 7th. The technology company reported $0.29 EPS for the quarter, missing analysts' consensus estimates of $0.52 by ($0.23). Trend Micro had a return on equity of 27.73% and a net margin of 11.29%.The business had revenue of $450.18 million during the quarter, compared to analysts' expectations of $482.56 million. On average, research analysts predict that Trend Micro will post 1.94 earnings per share for the current fiscal year.

Trend Micro Company Profile

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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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