Trend Micro Incorporated (OTCMKTS:TMICY) Sees Significant Drop in Short Interest

Trend Micro Incorporated (OTCMKTS:TMICY) was the recipient of a significant drop in short interest during the month of August. As of August 31st, there was short interest totalling 7,500 shares, a drop of 22.7% from the August 15th total of 9,700 shares. Based on an average daily volume of 16,200 shares, the short-interest ratio is presently 0.5 days.

Trend Micro Price Performance

Shares of TMICY stock opened at $61.99 on Monday. The firm has a market cap of $8.73 billion, a PE ratio of 80.51 and a beta of 0.64. The company has a 50-day moving average of $52.55 and a two-hundred day moving average of $49.65. Trend Micro has a 1-year low of $36.63 and a 1-year high of $61.99.

Trend Micro (OTCMKTS:TMICY) last announced its earnings results on Thursday, August 8th. The technology company reported $0.33 earnings per share for the quarter. The company had revenue of $440.07 million during the quarter. Trend Micro had a net margin of 6.26% and a return on equity of 12.34%. Sell-side analysts anticipate that Trend Micro will post 1.72 EPS for the current fiscal 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.