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

Bridgestone Co. (OTCMKTS:BRDCY) was the recipient of a significant decrease in short interest during the month of July. As of July 15th, there was short interest totalling 6,400 shares, a decrease of 15.8% from the June 30th total of 7,600 shares. Based on an average trading volume of 182,000 shares, the short-interest ratio is currently 0.0 days.

Bridgestone Trading Up 1.4 %

Shares of OTCMKTS:BRDCY traded up $0.27 during midday trading on Monday, reaching $19.79. 65,100 shares of the company’s stock traded hands, compared to its average volume of 104,743. Bridgestone has a one year low of $18.30 and a one year high of $23.05. The stock has a 50 day moving average of $20.46 and a 200 day moving average of $21.15. The company has a current ratio of 2.24, a quick ratio of 1.47 and a debt-to-equity ratio of 0.15.

Bridgestone (OTCMKTS:BRDCY) last issued its quarterly earnings results on Monday, May 13th. The company reported $0.43 EPS for the quarter, missing analysts’ consensus estimates of $0.47 by ($0.04). The business had revenue of $7.17 billion during the quarter. On average, research analysts forecast that Bridgestone will post 1.74 earnings per share for the current fiscal 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.