Bridgestone Co. (OTCMKTS:BRDCY) Sees Significant Growth in Short Interest

Bridgestone Co. (OTCMKTS:BRDCY) was the recipient of a large growth in short interest during the month of December. As of December 15th, there was short interest totalling 26,600 shares, a growth of 232.5% from the November 30th total of 8,000 shares. Based on an average daily trading volume, of 498,500 shares, the short-interest ratio is presently 0.1 days.

Bridgestone Stock Performance

OTCMKTS BRDCY traded down $0.17 during trading hours on Thursday, hitting $16.85. 192,882 shares of the company traded hands, compared to its average volume of 160,254. The company has a debt-to-equity ratio of 0.14, a quick ratio of 1.54 and a current ratio of 2.39. The business’s 50-day moving average is $17.64 and its 200-day moving average is $18.85. Bridgestone has a twelve month low of $16.05 and a twelve month high of $23.05.

Bridgestone (OTCMKTS:BRDCY) last released its quarterly earnings data on Monday, November 11th. The company reported $0.26 EPS for the quarter, missing the consensus estimate of $0.40 by ($0.14). The firm had revenue of $7.34 billion during the quarter. On average, sell-side analysts forecast that Bridgestone will post 2.41 EPS for the current year.

Bridgestone Company Profile

Bridgestone Corporation, together with its subsidiaries, manufactures and sells tires and rubber products. The company offers tires and tire tubes for passenger cars, trucks, buses, construction and off-road mining vehicles, industrial and agricultural machinery, aircraft, motorcycles, scooters, and other vehicles; automotive parts; automotive maintenance and repair services; and raw materials for tires and other products.