Bridgestone Corp. (OTCMKTS:BRDCY – Get Free Report) was the target of a significant drop in short interest in the month of October. As of October 15th, there was short interest totaling 66,422 shares, a drop of 52.4% from the September 30th total of 139,604 shares. Based on an average daily trading volume, of 203,243 shares, the short-interest ratio is presently 0.3 days. Approximately 0.0% of the company’s stock are short sold.
Bridgestone Stock Down 0.1%
OTCMKTS:BRDCY traded down $0.01 during midday trading on Friday, hitting $12.40. 349,945 shares of the company were exchanged, compared to its average volume of 264,194. The company has a market capitalization of $32.03 billion, a PE ratio of 19.38, a price-to-earnings-growth ratio of 1.09 and a beta of 0.57. The company has a current ratio of 2.78, a quick ratio of 1.92 and a debt-to-equity ratio of 0.20. Bridgestone has a fifty-two week low of $9.15 and a fifty-two week high of $13.64. The company has a fifty day simple moving average of $12.41 and a 200 day simple moving average of $11.44.
Analyst Upgrades and Downgrades
A number of brokerages recently issued reports on BRDCY. Sanford C. Bernstein cut shares of Bridgestone from a “strong-buy” rating to a “hold” rating in a research note on Wednesday, August 12th. Zacks Research downgraded Bridgestone from a “strong-buy” rating to a “hold” rating in a report on Tuesday, October 6th. Four analysts have rated the stock with a Hold rating. According to MarketBeat.com, the stock has an average rating of “Hold”.
View Our Latest Research Report on Bridgestone
Bridgestone Company Profile
Bridgestone Corporation is a Japan-based manufacturer of tires and rubber-related products. The company develops and sells tires for passenger cars, trucks, buses, motorcycles, aircraft, construction equipment, mining vehicles, agricultural machinery and other specialty applications. Its portfolio also includes retreaded tires and related services designed to support commercial and industrial fleets.
Founded in 1931 by Shojiro Ishibashi, Bridgestone has grown into a global mobility and materials company.
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