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

Bridgestone Co. (OTCMKTS:BRDCY) saw a large decrease in short interest during the month of November. As of November 15th, there was short interest totalling 200 shares, a decrease of 96.6% from the October 31st total of 5,900 shares. Based on an average daily volume of 1,302,800 shares, the days-to-cover ratio is currently 0.0 days.

Bridgestone Price Performance

BRDCY stock traded up $0.03 during midday trading on Wednesday, hitting $17.42. The stock had a trading volume of 102,443 shares, compared to its average volume of 153,510. The company has a debt-to-equity ratio of 0.14, a current ratio of 2.39 and a quick ratio of 1.56. The business has a fifty day moving average price of $18.36 and a two-hundred day moving average price of $19.48. Bridgestone has a 1-year low of $16.67 and a 1-year high of $23.05.

Bridgestone (OTCMKTS:BRDCY) last released its earnings results on Monday, November 11th. The company reported $0.26 EPS for the quarter, missing the consensus estimate of $0.40 by ($0.14). The company had revenue of $7.34 billion during the quarter. Equities research analysts expect that Bridgestone will post 2.41 earnings per share for the current fiscal year.

About Bridgestone

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.