Short Interest in Brother Industries Ltd. (OTCMKTS:BRTHY) Declines By 98.4%

Brother Industries Ltd. (OTCMKTS:BRTHY) was the recipient of a significant drop in short interest in December. As of December 15th, there was short interest totaling 4 shares, a drop of 98.4% from the November 30th total of 257 shares. Approximately 0.0% of the shares of the stock are sold short. Based on an average daily trading volume, of 278 shares, the short-interest ratio is presently 0.0 days. Based on an average daily trading volume, of 278 shares, the short-interest ratio is presently 0.0 days. Approximately 0.0% of the shares of the stock are sold short.

Analyst Upgrades and Downgrades

Separately, Zacks Research raised Brother Industries from a “strong sell” rating to a “hold” rating in a report on Monday, September 15th. One research analyst has rated the stock with a Hold rating, According to MarketBeat.com, the company has an average rating of “Hold”.

Brother Industries Stock Performance

Shares of BRTHY remained flat at $39.23 during midday trading on Wednesday. 108 shares of the company’s stock traded hands, compared to its average volume of 139. The stock’s fifty day moving average price is $37.64 and its 200-day moving average price is $35.32. The company has a market capitalization of $5.01 billion, a price-to-earnings ratio of 13.62 and a beta of 0.01. Brother Industries has a one year low of $28.75 and a one year high of $41.20.

Brother Industries (OTCMKTS:BRTHY) last issued its quarterly earnings results on Monday, November 10th. The company reported $0.88 EPS for the quarter, beating the consensus estimate of $0.84 by $0.04. Brother Industries had a net margin of 6.19% and a return on equity of 7.84%. The business had revenue of $1.52 billion during the quarter, compared to the consensus estimate of $1.37 billion. On average, equities analysts anticipate that Brother Industries will post 2.8 earnings per share for the current year.

About Brother Industries

Brother Industries, Ltd. is a multinational electronics and electrical equipment company based in Nagoya, Japan. The company specializes in the design, manufacture and sale of a wide range of products including printers, multifunction printers, label printers, sewing and embroidery machines, garment printers, and industrial sewing machines. In addition to hardware, Brother provides related software solutions and support services to help customers optimize their document workflows, improve production efficiency and maintain equipment performance.

Brother’s printer and imaging division offers laser and inkjet models for home, office and industrial use, with features such as wireless connectivity, cloud integration and high-speed printing.