Short Interest in Bridgestone Corp. (OTCMKTS:BRDCY) Grows By 405.0%

Bridgestone Corp. (OTCMKTS:BRDCY) was the recipient of a significant growth in short interest during the month of May. As of May 29th, there was short interest totaling 449,315 shares, a growth of 405.0% from the May 14th total of 88,980 shares. Based on an average daily volume of 933,084 shares, the short-interest ratio is presently 0.5 days. Currently, 0.0% of the company’s stock are sold short.

Bridgestone Stock Performance

OTCMKTS:BRDCY opened at $10.63 on Wednesday. The stock has a market cap of $28.36 billion, a P/E ratio of 16.61, a PEG ratio of 1.49 and a beta of 0.56. The stock has a 50 day simple moving average of $10.54 and a 200 day simple moving average of $13.88. The company has a current ratio of 2.55, a quick ratio of 1.76 and a debt-to-equity ratio of 0.18. Bridgestone has a 1-year low of $9.80 and a 1-year high of $12.55.

Bridgestone (OTCMKTS:BRDCY) last released its quarterly earnings results on Thursday, May 14th. The company reported $0.23 earnings per share for the quarter, topping the consensus estimate of $0.20 by $0.03. The firm had revenue of $7.04 billion for the quarter, compared to analyst estimates of $6.87 billion. Bridgestone has set its FY 2026 guidance at 0.860-0.860 EPS. Research analysts anticipate that Bridgestone will post 0.83 earnings per share for the current year.

Analyst Ratings Changes

A number of analysts have recently issued reports on the company. Smbc Nikko Sec. cut Bridgestone from a “strong-buy” rating to a “hold” rating in a research report on Wednesday, March 11th. Zacks Research cut Bridgestone from a “hold” rating to a “strong sell” rating in a research report on Friday, April 24th. One analyst has rated the stock with a Strong Buy rating, one has assigned a Hold rating and one has issued a Sell rating to the stock. Based on data from MarketBeat.com, the company currently has an average rating of “Hold”.

Bridgestone Company Profile

Bridgestone Corporation is a Japanese multinational company principally engaged in the design, manufacture and sale of tires and rubber products. Founded in 1931 by Shojiro Ishibashi and headquartered in Tokyo, the company has grown into one of the world’s largest tire manufacturers, offering products for a broad range of vehicles and applications.

The company’s core offerings include tires for passenger cars, motorcycles, commercial trucks and buses, agricultural and off‑the‑road equipment, and aircraft.