Brembo S.p.A. (OTCMKTS:BRBOF) Sees Large Growth in Short Interest

Brembo S.p.A. (OTCMKTS:BRBOF) was the recipient of a significant increase in short interest during the month of April. As of April 15th, there was short interest totalling 446,500 shares, an increase of 39.8% from the March 31st total of 319,300 shares. Based on an average daily volume of 200 shares, the short-interest ratio is currently 2,232.5 days.

Brembo Price Performance

Shares of Brembo stock opened at $13.01 on Monday. The firm has a 50-day moving average of $12.59 and a 200-day moving average of $12.21. Brembo has a 52-week low of $10.86 and a 52-week high of $13.05.

Brembo Company Profile

Brembo S.p.A., together with its subsidiaries, designs, develops, produces, and sells braking systems and components for cars, motorbikes, and industrial vehicles and machinery. It operates through Discs Systems Motorbikes; and Aftermarket Performance Group segments. The company offers various products for car and commercial vehicle applications, including brake discs, brake calipers, side-wheel modules, and braking systems, as well as integrated engineering services for light commercial and heavy industrial vehicles, motorbikes, and racing competitions.