Short Interest in Brembo S.p.A. (OTCMKTS:BRBOF) Grows By 40.3%

Brembo S.p.A. (OTCMKTS:BRBOF) was the target of a significant increase in short interest in May. As of May 31st, there was short interest totalling 1,321,400 shares, an increase of 40.3% from the May 15th total of 942,000 shares. Based on an average daily volume of 1,200 shares, the days-to-cover ratio is currently 1,101.2 days.

Brembo Stock Performance

BRBOF remained flat at $11.10 during trading hours on Friday. Brembo has a 1-year low of $10.86 and a 1-year high of $13.05. The company’s 50 day simple moving average is $12.32 and its two-hundred day simple moving average is $12.17.

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.