Trend Micro Inc. (OTCMKTS:TMICY) Short Interest Down 92.5% in June

Trend Micro Inc. (OTCMKTS:TMICY) saw a significant drop in short interest during the month of June. As of June 30th, there was short interest totaling 567 shares, a drop of 92.5% from the June 15th total of 7,555 shares. Based on an average daily volume of 22,122 shares, the days-to-cover ratio is currently 0.0 days. Currently, 0.0% of the shares of the company are short sold.

Analysts Set New Price Targets

A number of equities research analysts have weighed in on the stock. Jefferies Financial Group upgraded shares of Trend Micro from a “hold” rating to a “strong-buy” rating in a research note on Thursday, June 4th. Zacks Research upgraded Trend Micro to a “strong sell” rating in a research note on Thursday, June 4th. One equities research analyst has rated the stock with a Strong Buy rating and one has given a Sell rating to the company’s stock. According to MarketBeat.com, the company has an average rating of “Moderate Buy”.

Trend Micro Stock Performance

Shares of OTCMKTS TMICY traded down $0.77 during midday trading on Friday, hitting $37.86. 23,550 shares of the company’s stock traded hands, compared to its average volume of 35,086. Trend Micro has a 1 year low of $31.09 and a 1 year high of $65.51. The stock has a market capitalization of $4.95 billion, a price-to-earnings ratio of 20.14 and a beta of 0.81. The firm has a fifty day moving average of $37.35 and a 200 day moving average of $37.12.

Trend Micro (OTCMKTS:TMICY) last posted its quarterly earnings data on Thursday, May 14th. The technology company reported $0.57 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.54 by $0.03. The company had revenue of $467.01 million for the quarter, compared to the consensus estimate of $455.87 million. Trend Micro had a net margin of 13.23% and a return on equity of 30.36%. On average, equities analysts anticipate that Trend Micro will post 1.81 earnings per share for the current year.

About Trend Micro

Trend Micro Incorporated is a global cybersecurity company that develops software and services to protect data and networks from evolving digital threats. Headquartered in Tokyo, Japan, with additional offices in North America, Europe and Asia-Pacific, the company offers solutions designed to safeguard businesses, governments and individual users. Since its founding in 1988, Trend Micro has focused on leveraging advanced threat intelligence and machine learning to deliver proactive security measures.

The company’s product portfolio spans endpoint security, network defense, cloud security and threat intelligence services.