Bridgestone Corp. (OTCMKTS:BRDCY) Stock Short Interest Jumps 63.6%

Bridgestone Corp. (OTCMKTS:BRDCY) was the target of a large growth in short interest in the month of September. As of September 30th, there was short interest totaling 139,604 shares, a growth of 63.6% from the September 15th total of 85,322 shares. Based on an average trading volume of 317,553 shares, the days-to-cover ratio is presently 0.4 days. Currently, 0.0% of the shares of the company are sold short.

Bridgestone Price Performance

OTCMKTS BRDCY opened at $12.68 on Friday. The company has a 50-day simple moving average of $12.48 and a two-hundred day simple moving average of $11.43. The company has a debt-to-equity ratio of 0.20, a quick ratio of 1.92 and a current ratio of 2.78. Bridgestone has a 12-month low of $9.15 and a 12-month high of $13.64.

Analysts Set New Price Targets

Several research analysts have commented on BRDCY shares. Zacks Research downgraded Bridgestone from a “strong-buy” rating to a “hold” rating in a research note on Tuesday, October 6th. Sanford C. Bernstein downgraded Bridgestone from a “strong-buy” rating to a “hold” rating in a research report on Wednesday, August 12th. Four analysts have rated the stock with a Hold rating. Based on data from MarketBeat, the company currently has a consensus rating of “Hold”.

Bridgestone Company Profile

Bridgestone Corporation is a Japan-based manufacturer of tires and rubber-related products. The company develops and sells tires for passenger vehicles, trucks and buses, motorcycles, aircraft, agricultural equipment, mining and construction vehicles, and other commercial applications.

Beyond replacement and original-equipment tires, Bridgestone provides tire retreading, vehicle maintenance, and fleet-management services. Its broader business also includes industrial rubber products, materials, and mobility solutions designed to support transportation, manufacturing, construction, and other industries.

Founded in 1931 by Shojiro Ishibashi, Bridgestone is headquartered in Tokyo and serves customers through operations, manufacturing facilities, distribution networks, and retail channels across markets worldwide.