Short Interest in Bridgestone Corp. (OTCMKTS:BRDCY) Decreases By 35.0%

Bridgestone Corp. (OTCMKTS:BRDCY) saw a large decline in short interest in the month of June. As of June 30th, there was short interest totaling 202,087 shares, a decline of 35.0% from the June 15th total of 310,854 shares. Currently, 0.0% of the company’s shares are sold short. Based on an average daily trading volume, of 397,776 shares, the short-interest ratio is currently 0.5 days.

Bridgestone Stock Up 1.0%

Bridgestone stock traded up $0.11 during midday trading on Friday, hitting $11.46. 40,067 shares of the company’s stock were exchanged, compared to its average volume of 303,794. The company has a debt-to-equity ratio of 0.18, a quick ratio of 1.83 and a current ratio of 2.71. Bridgestone has a 12 month low of $9.15 and a 12 month high of $12.55. The firm has a 50-day moving average of $10.70 and a two-hundred day moving average of $11.55. The company has a market cap of $30.58 billion, a PE ratio of 17.91, a P/E/G ratio of 1.48 and a beta of 0.56.

Bridgestone (OTCMKTS:BRDCY) last posted its earnings results on Thursday, May 14th. The company reported $0.23 EPS for the quarter, beating analysts’ consensus estimates of $0.20 by $0.03. The business had revenue of $7.04 billion for the quarter, compared to analysts’ expectations of $6.87 billion. Bridgestone has set its FY 2026 guidance at 0.860-0.860 EPS. As a group, analysts expect that Bridgestone will post 0.87 earnings per share for the current fiscal year.

Wall Street Analysts Forecast Growth

A number of brokerages have commented on BRDCY. Zacks Research upgraded shares of Bridgestone from a “strong sell” rating to a “hold” rating in a research note on Tuesday, June 9th. The Goldman Sachs Group lowered Bridgestone from a “strong-buy” rating to a “neutral” rating in a report on Wednesday, June 17th. One research analyst has rated the stock with a Strong Buy rating and three have issued a Hold rating to the company’s stock. Based on data from MarketBeat, the stock presently has an average rating of “Moderate Buy”.

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.