Short Interest in Bridgestone Corp. (OTCMKTS:BRDCY) Decreases By 35.0%

Bridgestone Corp. (OTCMKTS:BRDCY) was the recipient of a significant drop in short interest during the month of June. As of June 30th, there was short interest totaling 202,087 shares, a drop of 35.0% from the June 15th total of 310,854 shares. Based on an average trading volume of 397,776 shares, the days-to-cover ratio is presently 0.5 days. Currently, 0.0% of the company’s shares are sold short.

Analysts Set New Price Targets

Several brokerages have weighed in on BRDCY. Zacks Research upgraded Bridgestone from a “strong sell” rating to a “hold” rating in a report on Tuesday, June 9th. The Goldman Sachs Group cut Bridgestone from a “strong-buy” rating to a “neutral” rating in a report on Wednesday, June 17th. One equities research analyst has rated the stock with a Strong Buy rating and three have given a Hold rating to the stock. According to data from MarketBeat, the company currently has an average rating of “Moderate Buy”.

Bridgestone Trading Up 1.2%

OTCMKTS BRDCY opened at $11.49 on Friday. Bridgestone has a 12 month low of $9.15 and a 12 month high of $12.55. The company has a 50-day moving average of $10.72 and a 200-day moving average of $11.54. The company has a debt-to-equity ratio of 0.18, a current ratio of 2.71 and a quick ratio of 1.83. The company has a market cap of $30.66 billion, a P/E ratio of 17.95, a P/E/G ratio of 1.51 and a beta of 0.56.

Bridgestone (OTCMKTS:BRDCY) last released its earnings results on Thursday, May 14th. The company reported $0.23 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.20 by $0.03. The company had revenue of $7.04 billion during the quarter, compared to analyst estimates of $6.87 billion. Bridgestone has set its FY 2026 guidance at 0.860-0.860 EPS. As a group, equities analysts predict 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.