Bridgestone Corp. (OTCMKTS:BRDCY) Short Interest Update

Bridgestone Corp. (OTCMKTS:BRDCY) saw a significant increase in short interest during the month of May. As of May 29th, there was short interest totaling 449,315 shares, an increase of 405.0% from the May 14th total of 88,980 shares. Based on an average trading volume of 933,084 shares, the days-to-cover ratio is presently 0.5 days. Currently, 0.0% of the shares of the stock are sold short.

Wall Street Analysts Forecast Growth

A number of research firms recently commented on BRDCY. Zacks Research raised Bridgestone from a “strong sell” rating to a “hold” rating in a research note on Tuesday. Smbc Nikko Sec. downgraded shares of Bridgestone from a “strong-buy” rating to a “hold” rating in a research note on Wednesday, March 11th. One research analyst has rated the stock with a Strong Buy rating and two have assigned a Hold rating to the stock. According to MarketBeat.com, the company presently has a consensus rating of “Moderate Buy”.

Bridgestone Trading Down 0.5%

BRDCY traded down $0.05 during midday trading on Thursday, hitting $10.48. The company’s stock had a trading volume of 6,871 shares, compared to its average volume of 331,214. The company has a current ratio of 2.55, a quick ratio of 1.76 and a debt-to-equity ratio of 0.18. The firm has a market cap of $27.96 billion, a P/E ratio of 16.38, a PEG ratio of 1.40 and a beta of 0.56. The firm has a 50-day moving average price of $10.55 and a two-hundred day moving average price of $13.80. Bridgestone has a 52-week low of $9.80 and a 52-week high of $12.55.

Bridgestone (OTCMKTS:BRDCY) last announced its quarterly earnings data on Thursday, May 14th. The company reported $0.23 earnings per share for the quarter, topping the consensus estimate of $0.20 by $0.03. The company had revenue of $7.04 billion for the quarter, compared to analysts’ expectations of $6.87 billion. Bridgestone has set its FY 2026 guidance at 0.860-0.860 EPS. On average, research analysts anticipate that Bridgestone will post 0.87 earnings per share for the current year.

Bridgestone Company Profile

Bridgestone Corporation is a Japanese multinational company principally engaged in the design, manufacture and sale of tires and rubber products. Founded in 1931 by Shojiro Ishibashi and headquartered in Tokyo, the company has grown into one of the world’s largest tire manufacturers, offering products for a broad range of vehicles and applications.

The company’s core offerings include tires for passenger cars, motorcycles, commercial trucks and buses, agricultural and off?the?road equipment, and aircraft.