Trend Micro Inc. (OTCMKTS:TMICY) Short Interest Up 455.6% in September

Key Points

• Trend Micro Inc. experienced a 455.6% increase in short interest during September, with total short interest rising from 900 shares to 5,000 shares.
• The company reported an EPS of $0.29 for its latest quarter, missing expectations by $0.23 against a revenue of $450.18 million.
• Trend Micro's stock is currently trading at approximately $54.79, significantly lower than its 12-month high of $79.99.

Trend Micro Inc. (OTCMKTS:TMICY - Get Free Report) was the recipient of a large growth in short interest during the month of September. As of September 15th, there was short interest totaling 5,000 shares, a growth of 455.6% from the August 31st total of 900 shares. Based on an average daily trading volume, of 12,800 shares, the short-interest ratio is currently 0.4 days. Based on an average daily trading volume, of 12,800 shares, the short-interest ratio is currently 0.4 days.

Trend Micro Price Performance

TMICY stock opened at $54.79 on Wednesday. The company has a fifty day moving average price of $56.75 and a 200 day moving average price of $65.15. Trend Micro has a 12 month low of $50.80 and a 12 month high of $79.99. The company has a market cap of $7.72 billion, a price-to-earnings ratio of 34.90 and a beta of 0.69.

Trend Micro (OTCMKTS:TMICY - Get Free Report) last released its quarterly earnings results on Thursday, August 7th. The technology company reported $0.29 EPS for the quarter, missing the consensus estimate of $0.52 by ($0.23). The business had revenue of $450.18 million during the quarter, compared to analysts' expectations of $482.56 million. Trend Micro had a net margin of 11.29% and a return on equity of 27.73%. As a group, 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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