Brembo S.p.A. (OTCMKTS:BRBOF) Sees Significant Decrease in Short Interest

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

Brembo Stock Performance

Shares of BRBOF remained flat at $13.01 during trading hours on Monday. The company’s 50-day moving average is $12.42 and its two-hundred day moving average is $12.33. Brembo has a 1 year low of $10.86 and a 1 year 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.