Short Interest in Bridgestone Co. (OTCMKTS:BRDCY) Increases By 3,720.8%

Bridgestone Co. (OTCMKTS:BRDCY) was the target of a significant growth in short interest in October. As of October 15th, there was short interest totalling 202,500 shares, a growth of 3,720.8% from the September 30th total of 5,300 shares. Based on an average trading volume of 261,000 shares, the short-interest ratio is presently 0.8 days.

Bridgestone Stock Performance

Shares of OTCMKTS:BRDCY traded down $0.05 during midday trading on Friday, hitting $18.21. The stock had a trading volume of 132,824 shares, compared to its average volume of 117,812. Bridgestone has a fifty-two week low of $17.84 and a fifty-two week high of $23.05. The company’s 50-day moving average price is $19.17 and its 200-day moving average price is $20.21. The company has a debt-to-equity ratio of 0.14, a current ratio of 2.39 and a quick ratio of 1.56.

Bridgestone (OTCMKTS:BRDCY) last released its quarterly earnings results on Friday, August 9th. The company reported $0.53 earnings per share for the quarter. The firm had revenue of $7.14 billion for the quarter. Research analysts predict that Bridgestone will post 2.17 EPS 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.