Bridgestone Co. (OTCMKTS:BRDCY) Short Interest Down 96.6% in November

Bridgestone Co. (OTCMKTS:BRDCY) was the target of a large drop in short interest in November. As of November 15th, there was short interest totalling 200 shares, a drop of 96.6% from the October 31st total of 5,900 shares. Based on an average daily volume of 1,302,800 shares, the days-to-cover ratio is currently 0.0 days.

Bridgestone Stock Performance

BRDCY traded up $0.03 during mid-day trading on Thursday, reaching $17.42. The stock had a trading volume of 102,443 shares, compared to its average volume of 153,510. The company has a quick ratio of 1.56, a current ratio of 2.39 and a debt-to-equity ratio of 0.14. The firm’s fifty day simple moving average is $18.36 and its two-hundred day simple moving average is $19.48. Bridgestone has a 52 week low of $16.67 and a 52 week high of $23.05.

Bridgestone (OTCMKTS:BRDCY) last released its quarterly earnings results 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 firm had revenue of $7.34 billion for the quarter. On average, equities research analysts forecast that Bridgestone will post 2.41 earnings per share for the current 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.