Short Interest in Bridgestone Co. (OTCMKTS:BRDCY) Rises By 232.5%

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

Bridgestone Stock Up 1.2 %

BRDCY traded up $0.21 on Friday, reaching $17.06. The stock had a trading volume of 301,726 shares, compared to its average volume of 160,819. The business’s 50-day moving average price is $17.57 and its two-hundred day moving average price is $18.81. Bridgestone has a 12-month low of $16.05 and a 12-month high of $23.05. The company has a quick ratio of 1.54, a current ratio of 2.39 and a debt-to-equity ratio of 0.14.

Bridgestone (OTCMKTS:BRDCY) last posted its earnings results on Monday, November 11th. The company reported $0.26 EPS for the quarter, missing analysts’ consensus estimates of $0.40 by ($0.14). The firm 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.