Bridgestone Co. (OTCMKTS:BRDCY) Short Interest Up 41.7% in December

Bridgestone Co. (OTCMKTS:BRDCY) was the target of a large increase in short interest during the month of December. As of December 31st, there was short interest totalling 37,700 shares, an increase of 41.7% from the December 15th total of 26,600 shares. Based on an average trading volume of 488,500 shares, the days-to-cover ratio is currently 0.1 days.

Bridgestone Stock Down 0.6 %

Bridgestone stock traded down $0.11 during mid-day trading on Friday, hitting $16.91. The company had a trading volume of 188,214 shares, compared to its average volume of 199,359. The company has a debt-to-equity ratio of 0.14, a quick ratio of 1.54 and a current ratio of 2.39. Bridgestone has a 1 year low of $15.90 and a 1 year high of $23.05. The business has a fifty day moving average of $17.21 and a 200 day moving average of $18.46.

Bridgestone (OTCMKTS:BRDCY) last posted its earnings results on Monday, November 11th. The company reported $0.26 EPS for the quarter, missing analysts’ consensus estimates of $0.40 by ($0.14). The company had revenue of $7.34 billion for the quarter. As a group, sell-side analysts predict that Bridgestone will post 2.41 EPS for the current year.

About Bridgestone

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.