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

Bridgestone Co. (OTCMKTS:BRDCY) was the recipient of a significant increase in short interest in December. As of December 15th, there was short interest totalling 26,600 shares, an increase of 232.5% from the November 30th total of 8,000 shares. Based on an average daily volume of 498,500 shares, the short-interest ratio is currently 0.1 days.

Bridgestone Price Performance

OTCMKTS:BRDCY traded up $0.21 during trading hours on Friday, reaching $17.06. The company’s stock had a trading volume of 301,726 shares, compared to its average volume of 160,819. The stock has a 50 day moving average price of $17.60 and a two-hundred day moving average price of $18.84. The company has a debt-to-equity ratio of 0.14, a quick ratio of 1.54 and a current ratio of 2.39. Bridgestone has a 12 month low of $16.05 and a 12 month high of $23.05.

Bridgestone (OTCMKTS:BRDCY) last issued its quarterly earnings data on Monday, November 11th. The company reported $0.26 earnings per share for the quarter, missing analysts’ consensus estimates of $0.40 by ($0.14). The company had revenue of $7.34 billion during the quarter. Analysts forecast that Bridgestone will post 2.41 EPS 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.