Brother Industries Ltd. (OTCMKTS:BRTHY) Sees Significant Drop in Short Interest

Brother Industries Ltd. (OTCMKTS:BRTHY) was the target of a significant decline in short interest during the month of October. As of October 30th, there was short interest totaling 111 shares, a decline of 57.0% from the October 15th total of 258 shares. Currently, 0.0% of the company’s stock are short sold. Based on an average daily trading volume, of 70 shares, the days-to-cover ratio is presently 1.6 days.

Brother Industries Price Performance

Brother Industries stock remained flat at $49.39 during mid-day trading on Friday. The company’s stock had a trading volume of 7 shares, compared to its average volume of 92. Brother Industries has a twelve month low of $36.40 and a twelve month high of $60.20. The company has a market capitalization of $6.18 billion, a P/E ratio of 12.86 and a beta of 0.32. The business has a 50 day simple moving average of $58.57 and a 200 day simple moving average of $47.94.

Brother Industries (OTCMKTS:BRTHY) last issued its quarterly earnings results on Monday, November 9th. The company reported $1.10 earnings per share for the quarter, beating the consensus estimate of $0.88 by $0.22. The company had revenue of $1.57 billion for the quarter, compared to the consensus estimate of $1.51 billion.

About Brother Industries

Brother Industries is a Japan-based manufacturer of office equipment, printing products and machinery. The company’s products include printers, multifunction devices, scanners and label printers, as well as sewing and embroidery machines for home and industrial use. Brother also makes industrial equipment, including machine tools and industrial sewing machines, and provides related services and supplies. Its products are sold to consumers and businesses through a global network serving markets in Japan, the Americas, Europe and Asia.