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

Trend Micro Incorporated (OTCMKTS:TMICY) was the target of a significant drop in short interest in 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 days-to-cover ratio is presently 0.5 days.

Trend Micro Stock Up 1.0 %

Shares of Trend Micro stock opened at $61.99 on Monday. Trend Micro has a 52-week low of $36.63 and a 52-week high of $61.99. The company has a 50 day moving average of $52.55 and a 200 day moving average of $49.65. The company has a market capitalization of $8.73 billion, a P/E ratio of 80.51 and a beta of 0.64.

Trend Micro (OTCMKTS:TMICY) last issued its quarterly 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 company had revenue of $440.07 million during the quarter. As a group, research analysts anticipate that Trend Micro will post 1.72 earnings per share for the current fiscal year.

Trend Micro Company Profile

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.