Bridgestone Co. (OTCMKTS:BRDCY) Sees Large Drop in Short Interest

Bridgestone Co. (OTCMKTS:BRDCY) was the recipient of a large decrease in short interest during the month of August. As of August 31st, there was short interest totalling 8,800 shares, a decrease of 83.2% from the August 15th total of 52,500 shares. Based on an average daily volume of 115,500 shares, the short-interest ratio is currently 0.1 days.

Bridgestone Stock Performance

BRDCY stock traded up $0.02 on Friday, reaching $18.93. The company’s stock had a trading volume of 95,462 shares, compared to its average volume of 77,293. The firm has a fifty day moving average of $19.42 and a two-hundred day moving average of $20.71. The company has a debt-to-equity ratio of 0.14, a quick ratio of 1.56 and a current ratio of 2.39. Bridgestone has a 52 week low of $17.84 and a 52 week high of $23.05.

Bridgestone (OTCMKTS:BRDCY) last issued its quarterly earnings data on Friday, August 9th. The company reported $0.53 earnings per share for the quarter. The company had revenue of $7.14 billion for the quarter. Analysts anticipate that Bridgestone will post 1.71 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.