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

Brembo S.p.A. (OTCMKTS:BRBOF) saw a significant drop in short interest in the month of December. As of December 15th, there was short interest totalling 2,394,900 shares, a drop of 14.3% from the November 30th total of 2,794,000 shares. Based on an average daily volume of 200 shares, the short-interest ratio is presently 11,974.5 days.

Brembo Stock Performance

Shares of BRBOF stock remained flat at $9.01 on Monday. Brembo has a fifty-two week low of $9.01 and a fifty-two week high of $13.05. The business has a 50-day simple moving average of $9.77 and a 200-day simple moving average of $10.62.

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.