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

Bridgestone Co. (OTCMKTS:BRDCY) saw a significant increase in short interest in the month of February. As of February 15th, there was short interest totalling 204,300 shares, an increase of 274.9% from the January 31st total of 54,500 shares. Based on an average trading volume of 289,100 shares, the days-to-cover ratio is presently 0.7 days.

Bridgestone Stock Performance

Shares of OTCMKTS BRDCY traded down $0.18 during trading on Friday, hitting $19.70. 31,939 shares of the company were exchanged, compared to its average volume of 159,119. The firm’s fifty day moving average price is $17.70 and its 200 day moving average price is $18.21. The company has a debt-to-equity ratio of 0.14, a current ratio of 2.39 and a quick ratio of 1.54. Bridgestone has a 1 year low of $15.90 and a 1 year high of $23.05.

About Bridgestone

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.