Short-Term Interest for Trend Micro Incorporated (OTCMKTS:TMICY) Drops 31.7%

0

Trend Micro Incorporated (OTCMKTS:TMICY – Get Rating) benefited from a significant drop in short interest during the month of April. As of April 15, there was short interest totaling 2,800 shares, down 31.7% from the March 31 total of 4,100 shares. Based on an average daily trading volume of 19,000 shares, the day-to-cover ratio is currently 0.1 day.

TMICY stock opened at $55.78 on Friday. Trend Micro has a 52-week low of $46.47 and a 52-week high of $62.20. The company has a 50-day moving average of $57.19 and a two-hundred-day moving average of $56.18. The stock has a market capitalization of $7.85 billion, a price-to-earnings ratio of 22.31, a growth price-to-earnings ratio of 2.48 and a beta of 0.29.

Trend Micro (OTCMKTS:TMICY – Get Rating) last released its quarterly results on Thursday, February 17. The technology company reported earnings per share (EPS) of $0.80 for the quarter. Trend Micro had a net margin of 20.11% and a return on equity of 18.91%. The company posted revenue of $450.48 million in the quarter, compared to $463.90 million expected by analysts. On average, stock analysts expect Trend Micro to post earnings per share of 1.89 for the current fiscal year.

Separately, Zacks Investment Research downgraded Trend Micro shares from a “buy” rating to a “hold” rating in a Wednesday, Feb. 9 research report.

Trend Micro Company Profile (Get an assessment)

Trend Micro Incorporated develops and sells security-related software for computers and the Internet primarily in Japan. The company offers hybrid cloud security solutions, such as compliance, workload, container, file storage, application, network, and open source security products. It also provides intrusion prevention, threat protection, industrial and mobile network security products, as well as email, mobile, web and industrial endpoint security products.

Featured articles



Get news and reviews for Trend Micro Daily – Enter your email address below to receive a concise daily summary of breaking news and analyst ratings for Trend Micro and related companies with MarketBeat.com’s free daily email newsletter.

Share.

Comments are closed.