Bridgestone Corp. (OTCMKTS:BRDCY) Short Interest Update

Key Points

• Bridgestone Corp. experienced a significant increase in short interest, rising by 305.1% in September, totaling 111,800 shares as of September 30th.
• Analysts have a consensus rating of "Strong Buy" for Bridgestone, with CLSA recently upgrading the stock to this rating.
• The company reported a loss in earnings per share of $0.20 for the last quarter, missing analyst expectations of $0.30, along with revenue falling short at $7.17 billion against an expected $7.39 billion.

Bridgestone Corp. (OTCMKTS:BRDCY - Get Free Report) saw a large increase in short interest during the month of September. As of September 30th, there was short interest totaling 111,800 shares, an increase of 305.1% from the September 15th total of 27,600 shares. Based on an average daily trading volume, of 97,100 shares, the short-interest ratio is currently 1.2 days. Based on an average daily trading volume, of 97,100 shares, the short-interest ratio is currently 1.2 days.

Analyst Ratings Changes

Separately, CLSA raised shares of Bridgestone to a "strong-buy" rating in a research report on Wednesday, October 1st. One research analyst has rated the stock with a Strong Buy rating, According to data from MarketBeat, Bridgestone has a consensus rating of "Strong Buy".

Bridgestone Trading Up 0.3%

BRDCY opened at $21.78 on Friday. Bridgestone has a fifty-two week low of $15.90 and a fifty-two week high of $24.54. The company's 50-day moving average price is $22.96 and its 200 day moving average price is $21.38. The company has a current ratio of 2.51, a quick ratio of 1.69 and a debt-to-equity ratio of 0.17.

Bridgestone (OTCMKTS:BRDCY - Get Free Report) last released its quarterly earnings data on Friday, August 8th. The company reported $0.20 earnings per share for the quarter, missing the consensus estimate of $0.30 by ($0.10). The company had revenue of $7.17 billion for the quarter, compared to analysts' expectations of $7.39 billion. Equities research analysts predict 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.

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