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

Brembo S.p.A. (OTCMKTS:BRBOF) was the target of a significant decrease in short interest during the month of March. As of March 31st, there was short interest totalling 319,300 shares, a decrease of 14.6% from the March 15th total of 373,700 shares. Based on an average trading volume of 400 shares, the short-interest ratio is currently 798.3 days.

Brembo Price Performance

BRBOF stock remained flat at $13.01 during trading on Monday. The stock’s 50 day moving average is $12.42 and its 200 day moving average is $12.33. 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.