Trend Micro Inc. (OTCMKTS:TMICY) Short Interest Up 28.6% in July

Key Points

• Trend Micro Inc. experienced a 28.6% increase in short interest in July 2023, with a total of 900 shares sold short as of July 31st.
• The company's quarterly earnings report revealed a loss of $0.23 per share against analysts' expectations, with reported revenue of $450.18 million compared to estimates of $482.56 million.
• Trend Micro's stock opened at $54.16, with a market cap of $7.63 billion and a P/E ratio of 34.50.

Trend Micro Inc. (OTCMKTS:TMICY - Get Free Report) saw a significant increase in short interest in July. As of July 31st, there was short interest totaling 900 shares, anincreaseof28.6% from the July 15th total of 700 shares. Based on an average daily trading volume, of 3,900 shares, the short-interest ratio is currently 0.2 days. Approximately0.0% of the company's shares are sold short. Approximately0.0% of the company's shares are sold short. Based on an average daily trading volume, of 3,900 shares, the short-interest ratio is currently 0.2 days.

Trend Micro Price Performance

TMICY stock traded down $1.00 during trading on Tuesday, reaching $53.45. The company had a trading volume of 8,916 shares, compared to its average volume of 2,546. Trend Micro has a 52 week low of $50.80 and a 52 week high of $79.99. The company has a market cap of $7.53 billion, a P/E ratio of 34.04 and a beta of 0.70. The business has a 50 day moving average of $62.78 and a 200 day moving average of $67.92.

Trend Micro (OTCMKTS:TMICY - Get Free Report) last released its quarterly earnings results on Thursday, August 7th. The technology company reported $0.29 earnings per share (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 company had revenue of $450.18 million during the quarter, compared to the consensus estimate of $482.56 million. Research analysts expect that Trend Micro will post 1.94 earnings per share 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.