Short Interest in Brother Industries Ltd. (OTCMKTS:BRTHY) Declines By 98.4%

by · The Cerbat Gem

Brother Industries Ltd. (OTCMKTS:BRTHY – Get Free Report) saw a large decline in short interest in the month of December. As of December 15th, there was short interest totaling 4 shares, a decline of 98.4% from the November 30th total of 257 shares. Based on an average trading volume of 278 shares, the days-to-cover ratio is currently 0.0 days. Approximately 0.0% of the shares of the company are short sold. Approximately 0.0% of the shares of the company are short sold. Based on an average trading volume of 278 shares, the days-to-cover ratio is currently 0.0 days.

Brother Industries Price Performance

BRTHY remained flat at $39.23 during trading on Wednesday. The company’s stock had a trading volume of 108 shares, compared to its average volume of 139. The stock has a fifty day simple moving average of $37.64 and a 200 day simple moving average of $35.32. The stock has a market cap of $5.01 billion, a price-to-earnings ratio of 13.62 and a beta of 0.01. Brother Industries has a 12-month low of $28.75 and a 12-month high of $41.20.

Brother Industries (OTCMKTS:BRTHY – Get Free Report) last posted its quarterly earnings data on Monday, November 10th. The company reported $0.88 EPS for the quarter, topping analysts’ consensus estimates of $0.84 by $0.04. The company had revenue of $1.52 billion for the quarter, compared to the consensus estimate of $1.37 billion. Brother Industries had a return on equity of 7.84% and a net margin of 6.19%. As a group, equities research analysts expect that Brother Industries will post 2.8 earnings per share for the current fiscal year.

Wall Street Analysts Forecast Growth

Separately, Zacks Research raised Brother Industries from a “strong sell” rating to a “hold” rating in a report on Monday, September 15th. One research analyst has rated the stock with a Hold rating, Based on data from MarketBeat.com, the stock currently has a consensus rating of “Hold”.

View Our Latest Stock Report on Brother Industries

About Brother Industries

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Brother Industries, Ltd. is a multinational electronics and electrical equipment company based in Nagoya, Japan. The company specializes in the design, manufacture and sale of a wide range of products including printers, multifunction printers, label printers, sewing and embroidery machines, garment printers, and industrial sewing machines. In addition to hardware, Brother provides related software solutions and support services to help customers optimize their document workflows, improve production efficiency and maintain equipment performance.

Brother’s printer and imaging division offers laser and inkjet models for home, office and industrial use, with features such as wireless connectivity, cloud integration and high-speed printing.

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