Short Interest in Brembo S.p.A. (OTCMKTS:BRBOF) Rises By 39.8%

Brembo S.p.A. (OTCMKTS:BRBOF) was the target of a large increase in short interest in 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 trading volume of 200 shares, the days-to-cover ratio is currently 2,232.5 days.

Brembo Price Performance

Shares of BRBOF stock remained flat at $13.01 during mid-day trading on Friday. 584 shares of the stock traded hands, compared to its average volume of 2,089. The stock’s 50-day moving average price is $12.59 and its two-hundred day moving average price is $12.24. Brembo has a twelve month low of $10.86 and a twelve month high of $13.05.

About Brembo

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.