Bridgestone Corp. (OTCMKTS:BRDCY) Short Interest Update

Bridgestone Corp. (OTCMKTS:BRDCY) was the target of a significant growth in short interest in the month of May. As of May 29th, there was short interest totaling 449,315 shares, a growth of 405.0% from the May 14th total of 88,980 shares. Based on an average trading volume of 933,084 shares, the days-to-cover ratio is presently 0.5 days. Currently, 0.0% of the company’s shares are sold short.

Analysts Set New Price Targets

A number of research analysts recently issued reports on BRDCY shares. Smbc Nikko Sec. downgraded Bridgestone from a “strong-buy” rating to a “hold” rating in a report on Wednesday, March 11th. Zacks Research downgraded Bridgestone from a “hold” rating to a “strong sell” rating in a report on Friday, April 24th. One equities research analyst has rated the stock with a Strong Buy rating, one has given a Hold rating and one has given a Sell rating to the company’s stock. According to data from MarketBeat, Bridgestone currently has a consensus rating of “Hold”.

Bridgestone Stock Performance

Shares of OTCMKTS BRDCY opened at $10.63 on Wednesday. The stock has a 50 day moving average price of $10.54 and a 200 day moving average price of $13.88. Bridgestone has a 52 week low of $9.80 and a 52 week high of $12.55. The company has a debt-to-equity ratio of 0.18, a quick ratio of 1.76 and a current ratio of 2.55. The stock has a market capitalization of $28.36 billion, a PE ratio of 16.61, a price-to-earnings-growth ratio of 1.49 and a beta of 0.56.

Bridgestone (OTCMKTS:BRDCY) last issued its quarterly earnings results on Thursday, May 14th. The company reported $0.23 EPS for the quarter, beating the consensus estimate of $0.20 by $0.03. The company had revenue of $7.04 billion for the quarter, compared to analyst estimates of $6.87 billion. Bridgestone has set its FY 2026 guidance at 0.860-0.860 EPS. Analysts predict that Bridgestone will post 0.83 earnings per share for the current fiscal year.

About Bridgestone

Bridgestone Corporation is a Japanese multinational company principally engaged in the design, manufacture and sale of tires and rubber products. Founded in 1931 by Shojiro Ishibashi and headquartered in Tokyo, the company has grown into one of the world’s largest tire manufacturers, offering products for a broad range of vehicles and applications.

The company’s core offerings include tires for passenger cars, motorcycles, commercial trucks and buses, agricultural and off‑the‑road equipment, and aircraft.