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

Bridgestone Co. (OTCMKTS:BRDCY) saw a large increase in short interest during the month of October. As of October 15th, there was short interest totalling 202,500 shares, an increase of 3,720.8% from the September 30th total of 5,300 shares. Based on an average daily trading volume, of 261,000 shares, the short-interest ratio is presently 0.8 days.

Bridgestone Stock Down 1.1 %

Shares of Bridgestone stock opened at $18.01 on Friday. The stock’s 50 day simple moving average is $19.13 and its 200-day simple moving average is $20.20. Bridgestone has a 1-year low of $17.70 and a 1-year high of $23.05. The company has a debt-to-equity ratio of 0.14, a quick ratio of 1.56 and a current ratio of 2.39.

Bridgestone (OTCMKTS:BRDCY) last issued its earnings results on Friday, August 9th. The company reported $0.53 earnings per share for the quarter. The company had revenue of $7.14 billion for the quarter. On average, equities analysts anticipate that Bridgestone will post 2.17 earnings per share for the current 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.