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

Bridgestone Co. (OTCMKTS:BRDCY) was the recipient of a significant drop in short interest in July. As of July 15th, there was short interest totalling 6,400 shares, a drop of 15.8% from the June 30th total of 7,600 shares. Based on an average daily trading volume, of 182,000 shares, the days-to-cover ratio is presently 0.0 days.

Bridgestone Trading Up 1.4 %

Shares of Bridgestone stock traded up $0.27 during trading hours on Monday, hitting $19.79. The company’s stock had a trading volume of 65,100 shares, compared to its average volume of 104,743. Bridgestone has a twelve month low of $18.30 and a twelve month high of $23.05. The firm has a fifty day moving average of $20.46 and a 200-day moving average of $21.15. The company has a debt-to-equity ratio of 0.15, a quick ratio of 1.47 and a current ratio of 2.24.

Bridgestone (OTCMKTS:BRDCY) last posted its earnings results on Monday, May 13th. The company reported $0.43 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.47 by ($0.04). The company had revenue of $7.17 billion during the quarter. On average, equities 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.