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

Brother Industries Ltd. (OTCMKTS:BRTHY) was the recipient of a significant 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. Approximately 0.0% of the shares of the company are short sold. Based on an average daily trading volume, of 278 shares, the days-to-cover ratio is currently 0.0 days. Based on an average daily 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.

Analyst Upgrades and Downgrades

Separately, Zacks Research raised shares of 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 presently has a consensus rating of “Hold”.

Brother Industries Price Performance

Shares of OTCMKTS:BRTHY opened at $39.23 on Thursday. The firm has a fifty day moving average price of $37.64 and a two-hundred day moving average price of $35.32. The company 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 one year low of $28.75 and a one year high of $41.20.

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

About Brother Industries

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.