Short Interest in Brother Industries Ltd. (OTCMKTS:BRTHY) Decreases By 98.4%

Brother Industries Ltd. (OTCMKTS:BRTHY) was the recipient of a significant decline in short interest in the month of December. As of December 15th, there was short interest totaling 4 shares, a decline of 98.4% from the November 30th total of 257 shares. Approximately 0.0% of the shares of the company are short sold. Based on an average daily trading volume, of 278 shares, the days-to-cover ratio is currently 0.0 days. Based on an average daily trading volume, of 278 shares, the days-to-cover ratio is currently 0.0 days. Approximately 0.0% of the shares of the company are short sold.

Brother Industries Stock Performance

Shares of BRTHY opened at $39.23 on Friday. Brother Industries has a 52-week low of $28.75 and a 52-week high of $41.20. The stock’s 50-day simple moving average is $37.74 and its 200 day simple moving average is $35.35. The stock has a market capitalization of $5.01 billion, a price-to-earnings ratio of 13.62 and a beta of 0.01.

Brother Industries (OTCMKTS:BRTHY) last announced its quarterly earnings results on Monday, November 10th. The company reported $0.88 earnings per share for the quarter, beating the consensus estimate of $0.84 by $0.04. Brother Industries had a return on equity of 7.84% and a net margin of 6.19%.The firm had revenue of $1.52 billion for the quarter, compared to analysts’ expectations of $1.37 billion. On average, research analysts forecast that Brother Industries will post 2.8 earnings per share for the current fiscal year.

Analysts Set New Price Targets

Separately, Zacks Research raised Brother Industries from a “strong sell” rating to a “hold” rating in a report on Monday, September 15th. One research analyst has rated the stock with a Hold rating, According to MarketBeat, the company has an average rating of “Hold”.

About Brother Industries

Brother Industries, Ltd. is a multinational electronics and electrical equipment company based in Nagoya, Japan. The company specializes in the design, manufacture and sale of a wide range of products including printers, multifunction printers, label printers, sewing and embroidery machines, garment printers, and industrial sewing machines. In addition to hardware, Brother provides related software solutions and support services to help customers optimize their document workflows, improve production efficiency and maintain equipment performance.

Brother’s printer and imaging division offers laser and inkjet models for home, office and industrial use, with features such as wireless connectivity, cloud integration and high-speed printing.