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

Brembo S.p.A. (OTCMKTS:BRBOF) was the recipient of a significant increase in short interest during the month of December. As of December 31st, there was short interest totalling 2,514,800 shares, an increase of 5.0% from the December 15th total of 2,394,900 shares. Based on an average daily volume of 300 shares, the short-interest ratio is currently 8,382.7 days.

Brembo Stock Performance

BRBOF stock opened at $9.01 on Wednesday. Brembo has a 1-year low of $9.01 and a 1-year high of $13.05. The business’s 50 day moving average is $9.14 and its 200-day moving average is $10.37.

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.