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

Bridgestone Co. (OTCMKTS:BRDCY) was the recipient of a large drop in short interest in November. As of November 15th, there was short interest totalling 200 shares, a drop 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

Bridgestone stock traded up $0.44 during midday trading on Friday, hitting $17.86. The company’s stock had a trading volume of 43,913 shares, compared to its average volume of 153,036. The stock’s 50-day moving average price is $18.32 and its 200-day moving average price is $19.46. The company has a debt-to-equity ratio of 0.14, a current ratio of 2.39 and a quick ratio of 1.56. Bridgestone has a 12 month low of $16.67 and a 12 month high of $23.05.

Bridgestone (OTCMKTS:BRDCY) last issued 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 firm had revenue of $7.34 billion during the quarter. Sell-side analysts predict that Bridgestone will post 2.41 EPS for the current fiscal 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.