Bridgestone Corp. (OTCMKTS:BRDCY) Stock Short Interest Drops 52.4%

Bridgestone Corp. (OTCMKTS:BRDCY) saw a significant drop in short interest in October. As of October 15th, there was short interest totaling 66,422 shares, a drop of 52.4% from the September 30th total of 139,604 shares. Based on an average daily trading volume, of 203,243 shares, the short-interest ratio is presently 0.3 days. Currently, 0.0% of the company’s stock are short sold.

Analyst Ratings Changes

Several research analysts have commented on BRDCY shares. Sanford C. Bernstein downgraded Bridgestone from a “strong-buy” rating to a “hold” rating in a research report on Wednesday, August 12th. Zacks Research cut Bridgestone from a “strong-buy” rating to a “hold” rating in a research report on Tuesday, October 6th. Four equities research analysts have rated the stock with a Hold rating. According to data from MarketBeat.com, the company presently has an average rating of “Hold”.

Bridgestone Stock Performance

Bridgestone stock opened at $12.49 on Friday. The stock has a 50-day simple moving average of $12.40 and a 200 day simple moving average of $11.44. The stock has a market capitalization of $32.26 billion, a price-to-earnings ratio of 19.52, a P/E/G ratio of 1.10 and a beta of 0.57. The company has a quick ratio of 1.92, a current ratio of 2.78 and a debt-to-equity ratio of 0.20. Bridgestone has a 12-month low of $9.15 and a 12-month high of $13.64.

Bridgestone Company Profile

Bridgestone Corporation is a Japan-based manufacturer of tires and rubber-related products. The company develops and sells tires for passenger cars, trucks, buses, motorcycles, aircraft, construction equipment, mining vehicles, agricultural machinery and other specialty applications. Its portfolio also includes retreaded tires and related services designed to support commercial and industrial fleets.

Founded in 1931 by Shojiro Ishibashi, Bridgestone has grown into a global mobility and materials company.