Bridgestone Co. (OTCMKTS:BRDCY) Sees Significant Growth in Short Interest

Bridgestone Co. (OTCMKTS:BRDCY) was the recipient of a large increase in short interest in December. As of December 31st, there was short interest totalling 37,700 shares, an increase of 41.7% from the December 15th total of 26,600 shares. Based on an average trading volume of 488,500 shares, the short-interest ratio is presently 0.1 days.

Bridgestone Stock Performance

BRDCY stock traded up $0.18 during midday trading on Wednesday, reaching $16.63. The company had a trading volume of 399,252 shares, compared to its average volume of 236,769. The firm has a 50-day moving average price of $17.25 and a 200-day moving average price of $18.48. Bridgestone has a 1 year low of $15.90 and a 1 year high of $23.05. 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 (OTCMKTS:BRDCY) last announced its earnings results on Monday, November 11th. The company reported $0.26 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.40 by ($0.14). The company had revenue of $7.34 billion for the quarter. On average, research analysts anticipate that Bridgestone will post 2.41 EPS for the current fiscal year.

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.