Bridgestone Corp. (OTCMKTS:BRDCY) Stock Short Interest Report for September

Bridgestone Corp. (OTCMKTS:BRDCY) was the target of a large growth in short interest in 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 daily volume of 317,553 shares, the days-to-cover ratio is currently 0.4 days. Approximately 0.0% of the shares of the company are sold short.

Bridgestone Price Performance

Shares of OTCMKTS:BRDCY traded down $0.01 during trading on Friday, reaching $12.67. 110,562 shares of the company traded hands, compared to its average volume of 139,392. The firm has a market capitalization of $32.72 billion, a PE ratio of 19.80, a PEG ratio of 1.11 and a beta of 0.57. Bridgestone has a 52 week low of $9.15 and a 52 week high of $13.64. The company has a quick ratio of 1.92, a current ratio of 2.78 and a debt-to-equity ratio of 0.20. The company’s 50 day moving average is $12.47 and its two-hundred day moving average is $11.44.

Analyst Upgrades and Downgrades

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

About Bridgestone

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.