Bridgestone Co. (OTCMKTS:BRDCY) Short Interest Up 41.7% in December

by · The Markets Daily

Bridgestone Co. (OTCMKTS:BRDCY – Get Free Report) was the target of a significant growth in short interest during the month of December. As of December 31st, there was short interest totalling 37,700 shares, a growth of 41.7% from the December 15th total of 26,600 shares. Based on an average daily trading volume, of 488,500 shares, the short-interest ratio is presently 0.1 days.

Bridgestone Stock Performance

Shares of OTCMKTS BRDCY traded down $0.11 during midday trading on Friday, reaching $16.91. 188,214 shares of the company were exchanged, compared to its average volume of 199,359. Bridgestone has a 1 year low of $15.90 and a 1 year high of $23.05. The stock has a fifty day simple moving average of $17.21 and a 200 day simple moving average of $18.46. 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 (OTCMKTS:BRDCY – Get Free Report) last announced its earnings results on Monday, November 11th. The company reported $0.26 earnings per share for the quarter, missing the consensus estimate of $0.40 by ($0.14). The business had revenue of $7.34 billion during the quarter. As a group, research analysts expect that Bridgestone will post 2.41 earnings per share for the current fiscal year.

About Bridgestone

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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.

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