Short Interest in Bridgestone Co. (OTCMKTS:BRDCY) Declines By 85.0%

Bridgestone Co. (OTCMKTS:BRDCY) was the target of a significant drop in short interest in the month of June. As of June 15th, there was short interest totalling 16,200 shares, a drop of 85.0% from the May 31st total of 107,800 shares. Based on an average daily trading volume, of 106,300 shares, the short-interest ratio is currently 0.2 days.

Bridgestone Trading Down 0.7 %

Shares of BRDCY traded down $0.14 during midday trading on Friday, hitting $19.71. 99,921 shares of the stock were exchanged, compared to its average volume of 77,450. Bridgestone has a 52-week low of $18.30 and a 52-week high of $23.05. The stock has a fifty day simple moving average of $21.46 and a 200 day simple moving average of $21.30. The company has a current ratio of 2.24, a quick ratio of 1.45 and a debt-to-equity ratio of 0.15.

Bridgestone (OTCMKTS:BRDCY) last released its earnings results on Monday, May 13th. The company reported $0.43 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.47 by ($0.04). The company had revenue of $7.17 billion during the quarter. On average, sell-side analysts forecast that Bridgestone will post 1.74 earnings per share for the current fiscal year.

Bridgestone Company Profile

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.