Bridgestone Corp. (OTCMKTS:BRDCY) Shares Shorted: Short Interest Up 63.6% in September

Bridgestone Corp. (OTCMKTS:BRDCY) was the recipient of a large growth in short interest during the month of September. As of September 30th, there was short interest totaling 139,604 shares, a growth of 63.6% from the September 15th total of 85,322 shares. Based on an average trading volume of 317,553 shares, the days-to-cover ratio is presently 0.4 days. Currently, 0.0% of the company’s shares are short sold.

Analysts Set New Price Targets

BRDCY has been the subject of a number of analyst reports. Zacks Research downgraded Bridgestone from a “strong-buy” rating to a “hold” rating in a research report on Tuesday, October 6th. Sanford C. Bernstein lowered Bridgestone from a “strong-buy” rating to a “hold” rating in a research report on Wednesday, August 12th. Four analysts have rated the stock with a Hold rating. Based on data from MarketBeat, the stock currently has an average rating of “Hold”.

Bridgestone Stock Up 2.0%

Bridgestone stock opened at $12.68 on Friday. The company has a debt-to-equity ratio of 0.20, a quick ratio of 1.92 and a current ratio of 2.78. Bridgestone has a fifty-two week low of $9.15 and a fifty-two week high of $13.64. The firm’s 50-day simple moving average is $12.48 and its 200 day simple moving average is $11.43.

Bridgestone Company Profile

Bridgestone Corporation is a Japan-based manufacturer of tires and rubber-related products. The company develops and sells tires for passenger vehicles, trucks and buses, motorcycles, aircraft, agricultural equipment, mining and construction vehicles, and other commercial applications.

Beyond replacement and original-equipment tires, Bridgestone provides tire retreading, vehicle maintenance, and fleet-management services. Its broader business also includes industrial rubber products, materials, and mobility solutions designed to support transportation, manufacturing, construction, and other industries.

Founded in 1931 by Shojiro Ishibashi, Bridgestone is headquartered in Tokyo and serves customers through operations, manufacturing facilities, distribution networks, and retail channels across markets worldwide.