Bridgestone Co. (OTCMKTS:BRDCY) Short Interest Up 458.5% in August

Bridgestone Co. (OTCMKTS:BRDCY) saw a significant growth in short interest during the month of August. As of August 15th, there was short interest totalling 52,500 shares, a growth of 458.5% from the July 31st total of 9,400 shares. Based on an average trading volume of 324,000 shares, the days-to-cover ratio is currently 0.2 days.

Bridgestone Price Performance

Shares of BRDCY opened at $19.57 on Wednesday. The company has a quick ratio of 1.47, a current ratio of 2.24 and a debt-to-equity ratio of 0.15. The stock has a 50 day moving average of $19.62 and a 200 day moving average of $20.91. Bridgestone has a 12 month low of $17.84 and a 12 month high of $23.05.

Bridgestone (OTCMKTS:BRDCY) last issued its quarterly earnings results on Friday, August 9th. The company reported $0.53 EPS for the quarter. The business had revenue of $7.14 billion for the quarter. As a group, analysts expect 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.