Bridgestone Corp. (OTCMKTS:BRDCY) Sees Large Growth in Short Interest

Bridgestone Corp. (OTCMKTS:BRDCY) was the target of a large increase in short interest during the month of August. As of August 31st, there was short interest totaling 205,775 shares, an increase of 190.5% from the August 15th total of 70,826 shares. Based on an average daily volume of 427,362 shares, the short-interest ratio is currently 0.5 days. Approximately 0.0% of the shares of the company are short sold.

Bridgestone Stock Performance

BRDCY opened at $12.23 on Monday. The company has a current ratio of 2.71, a quick ratio of 1.83 and a debt-to-equity ratio of 0.18. The business’s 50 day moving average is $12.27 and its 200-day moving average is $11.21. The stock has a market cap of $32.63 billion, a PE ratio of 19.11, a price-to-earnings-growth ratio of 1.08 and a beta of 0.54. Bridgestone has a twelve month low of $9.15 and a twelve month high of $13.64.

Analyst Ratings Changes

A number of research analysts recently commented on BRDCY shares. The Goldman Sachs Group downgraded Bridgestone from a “strong-buy” rating to a “neutral” rating in a research note on Wednesday, June 17th. Zacks Research raised shares of Bridgestone from a “hold” rating to a “strong-buy” rating in a report on Monday, August 10th. Finally, Sanford C. Bernstein lowered shares of Bridgestone from a “strong-buy” rating to a “hold” rating in a research report on Wednesday, August 12th. Two investment analysts have rated the stock with a Strong Buy rating and three have assigned a Hold rating to the stock. Based on data from MarketBeat, the stock currently has an average rating of “Moderate Buy”.

About Bridgestone

Bridgestone Corporation is a Japan-based manufacturer of tires and rubber-related products. The company produces tires for passenger cars, trucks and buses, motorcycles, aircraft, agricultural equipment, construction and mining vehicles, and other specialized applications. Its portfolio includes the Bridgestone and Firestone brands, as well as other regional and specialty brands.

In addition to replacement and original-equipment tires, Bridgestone provides automotive and commercial mobility solutions, tire-related services, fleet support, and systems designed to help customers monitor and manage tire performance.