Short Interest in Trend Micro Incorporated (OTCMKTS:TMICY) Drops By 22.7%

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

Trend Micro Stock Performance

OTCMKTS:TMICY remained flat at $61.99 during mid-day trading on Friday. 531 shares of the company’s stock traded hands, compared to its average volume of 8,680. Trend Micro has a one year low of $36.63 and a one year high of $61.99. The company has a market capitalization of $8.73 billion, a PE ratio of 80.51 and a beta of 0.64. The business’s 50-day moving average price is $52.55 and its two-hundred day moving average price is $49.65.

Trend Micro (OTCMKTS:TMICY) last posted its earnings results on Thursday, August 8th. The technology company reported $0.33 earnings per share (EPS) for the quarter. Trend Micro had a net margin of 6.26% and a return on equity of 12.34%. The business had revenue of $440.07 million for the quarter. On average, equities research analysts predict 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.