Bridgestone Corp. (OTCMKTS:BRDCY) Short Interest Update

Bridgestone Corp. (OTCMKTS:BRDCY) saw a large decrease in short interest in the month of April. As of April 30th, there was short interest totaling 56,762 shares, a decrease of 49.0% from the April 15th total of 111,293 shares. Based on an average daily volume of 555,258 shares, the short-interest ratio is presently 0.1 days. Currently, 0.0% of the company’s shares are sold short.

Bridgestone Stock Performance

Shares of OTCMKTS:BRDCY opened at $10.65 on Friday. The company has a market capitalization of $28.41 billion, a price-to-earnings ratio of 15.66, a P/E/G ratio of 1.03 and a beta of 0.55. The firm’s 50 day simple moving average is $10.49 and its 200 day simple moving average is $15.36. The company has a debt-to-equity ratio of 0.18, a current ratio of 2.55 and a quick ratio of 1.76. Bridgestone has a fifty-two week low of $9.80 and a fifty-two week high of $12.55.

Bridgestone (OTCMKTS:BRDCY) last announced its quarterly earnings results on Thursday, May 14th. The company reported $0.23 earnings per share for the quarter, beating analysts’ consensus estimates of $0.20 by $0.03. The firm had revenue of $7.04 billion during the quarter, compared to analyst estimates of $6.87 billion. Bridgestone has set its FY 2026 guidance at 0.860-0.860 EPS. As a group, sell-side analysts forecast that Bridgestone will post 0.87 earnings per share for the current year.

Wall Street Analysts Forecast Growth

A number of research analysts have issued reports on the stock. Smbc Nikko Sec. downgraded shares of Bridgestone from a “strong-buy” rating to a “hold” rating in a research report on Wednesday, March 11th. Zacks Research downgraded shares of Bridgestone from a “hold” rating to a “strong sell” rating in a research report on Friday, April 24th. One research analyst has rated the stock with a Strong Buy rating, one has issued a Hold rating and one has given a Sell rating to the company. According to data from MarketBeat, the stock has an average rating of “Hold”.

About Bridgestone

Bridgestone Corporation is a Japanese multinational company principally engaged in the design, manufacture and sale of tires and rubber products. Founded in 1931 by Shojiro Ishibashi and headquartered in Tokyo, the company has grown into one of the world’s largest tire manufacturers, offering products for a broad range of vehicles and applications.

The company’s core offerings include tires for passenger cars, motorcycles, commercial trucks and buses, agricultural and off?the?road equipment, and aircraft.