Bridgestone Corp. (OTCMKTS:BRDCY) Short Interest Down 35.0% in June

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

Wall Street Analysts Forecast Growth

A number of brokerages recently issued reports on BRDCY. The Goldman Sachs Group downgraded shares of 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 “strong sell” rating to a “hold” rating in a research report on Tuesday, June 9th. One investment analyst has rated the stock with a Strong Buy rating and three have issued a Hold rating to the company’s stock. Based on data from MarketBeat, Bridgestone currently has an average rating of “Moderate Buy”.

Bridgestone Trading Up 1.2%

OTCMKTS:BRDCY opened at $11.49 on Friday. The stock has a 50-day simple moving average of $10.72 and a 200-day simple moving average of $11.54. The stock has a market cap of $30.66 billion, a P/E ratio of 17.95, a P/E/G ratio of 1.49 and a beta of 0.56. Bridgestone has a 1 year low of $9.15 and a 1 year high of $12.55. The company has a debt-to-equity ratio of 0.18, a quick ratio of 1.83 and a current ratio of 2.71.

Bridgestone (OTCMKTS:BRDCY) last issued its earnings results 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 business had revenue of $7.04 billion for 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, analysts anticipate that Bridgestone will post 0.87 earnings per share for the current fiscal year.

About Bridgestone

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.