Short Interest in Bridgestone Co. (OTCMKTS:BRDCY) Drops By 93.3%

Bridgestone Co. (OTCMKTS:BRDCY - Get Free Report) was the recipient of a large drop in short interest in May. As of May 15th, there was short interest totalling 3,800 shares, a drop of 93.3% from the April 30th total of 56,900 shares. Currently, 0.0% of the company's shares are short sold. Based on an average daily volume of 99,600 shares, the days-to-cover ratio is currently 0.0 days.

Bridgestone Stock Performance

OTCMKTS:BRDCY traded down $0.02 on Friday, hitting $21.36. 24,441 shares of the company's stock traded hands, compared to its average volume of 101,788. The company has a current ratio of 2.39, a quick ratio of 1.54 and a debt-to-equity ratio of 0.14. Bridgestone has a 1 year low of $15.90 and a 1 year high of $22.35. The firm has a 50-day moving average price of $20.42 and a 200-day moving average price of $18.90.

Bridgestone (OTCMKTS:BRDCY - Get Free Report) last posted its earnings results on Monday, May 12th. The company reported $0.36 earnings per share for the quarter, missing the consensus estimate of $0.42 by ($0.06). Sell-side analysts expect that Bridgestone will post 1.72 EPS for the current fiscal 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.