Brother Industries Ltd. (OTCMKTS:BRTHY) Stock Short Interest Drops 87.0%

Brother Industries Ltd. (OTCMKTS:BRTHY) was the recipient of a large decline in short interest in September. As of September 15th, there was short interest totaling 55 shares, a decline of 87.0% from the August 31st total of 424 shares. Based on an average daily volume of 35 shares, the days-to-cover ratio is presently 1.6 days. Currently, 0.0% of the company’s stock are short sold.

Brother Industries Stock Performance

BRTHY stock remained flat at $60.20 on Friday. The company had a trading volume of 5 shares, compared to its average volume of 71. Brother Industries has a one year low of $31.75 and a one year high of $60.20. The company has a market cap of $7.54 billion, a P/E ratio of 15.68 and a beta of 0.17. The firm’s 50 day simple moving average is $56.00 and its two-hundred day simple moving average is $46.71.

Brother Industries Company Profile

Brother Industries, Ltd. is a Japan-based manufacturer of printing, labeling, and sewing equipment. Its products include laser and inkjet printers, multifunction devices, scanners, label printers, mobile printers, and related supplies and software for home, office, and professional users.

The company also produces home sewing machines, computerized sewing and embroidery systems, industrial sewing equipment, and industrial printing solutions. Brother serves businesses and consumers through a broad international sales and distribution network, with operations and customers across North America, Europe, Asia, and other global markets.

Brother traces its origins to 1908, when the Yasui Brothers’ Sewing Machine Company was established in Nagoya, Japan.