Short Interest in Trend Micro Incorporated (OTCMKTS:TMICY) Declines By 39.6%

Trend Micro Incorporated (OTCMKTS:TMICY) was the target of a significant drop in short interest in February. As of February 28th, there was short interest totalling 3,200 shares, a drop of 39.6% from the February 13th total of 5,300 shares. Approximately 0.0% of the company’s stock are sold short. Based on an average daily volume of 8,300 shares, the short-interest ratio is currently 0.4 days.

Trend Micro Stock Down 1.1 %

Shares of TMICY opened at $66.64 on Monday. The company has a market capitalization of $9.39 billion, a P/E ratio of 38.97 and a beta of 0.60. The firm has a 50 day moving average of $63.59 and a 200 day moving average of $58.64. Trend Micro has a twelve month low of $38.85 and a twelve month high of $78.94.

Trend Micro (OTCMKTS:TMICY) last issued its earnings results on Tuesday, February 18th. The technology company reported $0.40 earnings per share (EPS) for the quarter. The company had revenue of $459.42 million for the quarter, compared to analysts’ expectations of $448.97 million. Trend Micro had a net margin of 12.64% and a return on equity of 31.66%. On average, sell-side analysts expect that Trend Micro will post 1.94 EPS 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.