Brother Industries Ltd. (OTCMKTS:BRTHY) Shares Shorted: Short Interest Up 344.8% in October

Brother Industries Ltd. (OTCMKTS:BRTHY) was the target of a significant increase in short interest during the month of October. As of October 15th, there was short interest totaling 258 shares, an increase of 344.8% from the September 30th total of 58 shares. Based on an average trading volume of 48 shares, the short-interest ratio is currently 5.4 days. Approximately 0.0% of the company’s shares are short sold.

Brother Industries Stock Performance

Brother Industries stock opened at $59.84 on Thursday. The company’s 50 day simple moving average is $59.60 and its 200-day simple moving average is $47.26. The company has a market capitalization of $7.49 billion, a price-to-earnings ratio of 15.58 and a beta of 0.23. Brother Industries has a 1 year low of $31.75 and a 1 year high of $60.20.

About Brother Industries

Brother Industries, Ltd. is a Japanese multinational technology and manufacturing company headquartered in Nagoya, Japan. Founded in 1908 as Yasui Sewing Machine Co, the company initially produced sewing machines and later expanded into office equipment, industrial products and other business technologies.

Brother’s products and services include printers, multifunction printers, scanners, label and mobile printers, labeling supplies and related software and services. The company also manufactures home and industrial sewing machines, industrial printing equipment, industrial sewing machinery and machine tools for commercial and manufacturing customers.

Brother serves consumers, small businesses, enterprises and industrial customers through operations and sales networks across Japan, the Americas, Europe and other markets in Asia and Oceania.