Brother Industries Ltd. (OTCMKTS:BRTHY) Sees Significant Drop in Short Interest

Brother Industries Ltd. (OTCMKTS:BRTHY) was the recipient of a significant decline in short interest during the month of October. As of October 30th, there was short interest totaling 111 shares, a decline of 57.0% from the October 15th total of 258 shares. Based on an average daily volume of 70 shares, the days-to-cover ratio is currently 1.6 days. Currently, 0.0% of the company’s stock are short sold.

Brother Industries Stock Performance

Shares of OTCMKTS:BRTHY remained flat at $49.39 during midday trading on Friday. The stock had a trading volume of 7 shares, compared to its average volume of 92. The company has a market capitalization of $6.18 billion, a P/E ratio of 12.86 and a beta of 0.32. Brother Industries has a 1 year low of $36.40 and a 1 year high of $60.20. The stock’s 50 day moving average price is $58.57 and its 200 day moving average price is $47.94.

Brother Industries (OTCMKTS:BRTHY) last released its quarterly earnings data on Monday, November 9th. The company reported $1.10 EPS for the quarter, topping the consensus estimate of $0.88 by $0.22. The business had revenue of $1.57 billion during the quarter, compared to the consensus estimate of $1.51 billion.

Brother Industries Company Profile

Brother Industries is a Japan-based manufacturer of office equipment, printing products and machinery. The company’s products include printers, multifunction devices, scanners and label printers, as well as sewing and embroidery machines for home and industrial use. Brother also makes industrial equipment, including machine tools and industrial sewing machines, and provides related services and supplies. Its products are sold to consumers and businesses through a global network serving markets in Japan, the Americas, Europe and Asia.