Bridgestone Corp. (OTCMKTS:BRDCY) Sees Large Decrease in Short Interest

Bridgestone Corp. (OTCMKTS:BRDCY – Get Free Report) saw a significant drop in short interest in the month of October. As of October 15th, there was short interest totaling 66,422 shares, a drop of 52.4% from the September 30th total of 139,604 shares. Based on an average trading volume of 203,243 shares, the days-to-cover ratio is currently 0.3 days. Currently, 0.0% of the company’s shares are sold short.

Bridgestone Trading Up 0.6%

Shares of OTCMKTS:BRDCY opened at $12.49 on Friday. The company has a debt-to-equity ratio of 0.20, a current ratio of 2.78 and a quick ratio of 1.92. The stock has a 50 day moving average price of $12.40 and a 200-day moving average price of $11.44. Bridgestone has a 52-week low of $9.15 and a 52-week high of $13.64.

Wall Street Analyst Weigh In

A number of brokerages have issued reports on BRDCY. Zacks Research downgraded shares of Bridgestone from a “strong-buy” rating to a “hold” rating in a research report on Tuesday, October 6th. Sanford C. Bernstein lowered shares of Bridgestone from a “strong-buy” rating to a “hold” rating in a report on Wednesday, August 12th. Four equities research analysts have rated the stock with a Hold rating. According to MarketBeat, the stock has an average rating of “Hold”.

Get Our Latest Stock Report on BRDCY

Bridgestone Company Profile

(Get Free Report)

Bridgestone Corporation is a Japan-based manufacturer of tires and rubber-related products. The company develops and sells tires for passenger cars, trucks, buses, motorcycles, aircraft, construction equipment, mining vehicles, agricultural machinery and other specialty applications. Its portfolio also includes retreaded tires and related services designed to support commercial and industrial fleets.

Founded in 1931 by Shojiro Ishibashi, Bridgestone has grown into a global mobility and materials company.

See Also

Receive News & Ratings for Bridgestone Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Bridgestone and related companies with MarketBeat.com's FREE daily email newsletter.