Bridgestone Co. (OTCMKTS:BRDCY) Sees Significant Decline in Short Interest

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

Bridgestone Trading Up 1.4 %

OTCMKTS BRDCY traded up $0.27 during trading on Monday, hitting $19.79. The company’s stock had a trading volume of 65,100 shares, compared to its average volume of 104,743. The company has a debt-to-equity ratio of 0.15, a quick ratio of 1.47 and a current ratio of 2.24. Bridgestone has a 52 week low of $18.30 and a 52 week high of $23.05. The firm has a 50 day moving average price of $20.46 and a 200 day moving average price of $21.15.

Bridgestone (OTCMKTS:BRDCY) last released its quarterly earnings results on Monday, May 13th. The company reported $0.43 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.47 by ($0.04). The company had revenue of $7.17 billion during the quarter. Equities research analysts predict 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.