Bridgestone Corp. (OTCMKTS:BRDCY) Short Interest Up 123.3% in October

Bridgestone Corp. (OTCMKTS:BRDCY) was the target of a large growth in short interest in the month of October. As of October 15th, there was short interest totaling 249,600 shares, a growth of 123.3% from the September 30th total of 111,800 shares. Approximately 0.0% of the company’s shares are sold short. Based on an average daily trading volume, of 590,600 shares, the short-interest ratio is presently 0.4 days. Based on an average daily trading volume, of 590,600 shares, the short-interest ratio is presently 0.4 days. Approximately 0.0% of the company’s shares are sold short.

Wall Street Analyst Weigh In

Separately, CLSA raised shares of Bridgestone to a “strong-buy” rating in a research report on Wednesday, October 1st. One equities research analyst has rated the stock with a Strong Buy rating, According to MarketBeat, the company currently has a consensus rating of “Strong Buy”.

Bridgestone Trading Down 0.2%

OTCMKTS:BRDCY opened at $21.89 on Friday. The company has a 50-day moving average price of $22.91 and a 200-day moving average price of $21.61. Bridgestone has a 12 month low of $15.90 and a 12 month high of $24.54. The company has a current ratio of 2.51, a quick ratio of 1.69 and a debt-to-equity ratio of 0.17. The stock has a market cap of $29.98 billion, a price-to-earnings ratio of 16.21, a P/E/G ratio of 1.38 and a beta of 0.49.

Bridgestone (OTCMKTS:BRDCY) last posted its earnings results on Friday, August 8th. The company reported $0.20 EPS for the quarter, missing the consensus estimate of $0.30 by ($0.10). The firm had revenue of $7.17 billion for the quarter, compared to analysts’ expectations of $7.39 billion. Equities analysts predict that Bridgestone will post 1.72 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.