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

Trend Micro Inc. (OTCMKTS:TMICY - Get Free Report) saw a significant increase in short interest in May. As of May 31st, there was short interest totalling 2,000 shares, an increase of 33.3% from the May 15th total of 1,500 shares. Based on an average daily volume of 1,500 shares, the days-to-cover ratio is currently 1.3 days. Approximately 0.0% of the shares of the stock are sold short.

Trend Micro Stock Down 5.8%

TMICY traded down $4.28 on Friday, hitting $69.72. The company had a trading volume of 2,735 shares, compared to its average volume of 2,694. The business's fifty day simple moving average is $72.18 and its 200 day simple moving average is $65.60. Trend Micro has a 12-month low of $38.85 and a 12-month high of $79.99. The company has a market cap of $9.82 billion, a PE ratio of 43.04 and a beta of 0.75.

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