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

Brembo S.p.A. (OTCMKTS:BRBOF) was the target of a significant increase in short interest during the month of October. As of October 31st, there was short interest totalling 2,880,900 shares, an increase of 28.2% from the October 15th total of 2,246,900 shares. Based on an average daily volume of 100 shares, the short-interest ratio is currently 28,809.0 days.

Brembo Stock Up 3.1 %

BRBOF stock traded up $0.29 during midday trading on Friday, hitting $9.46. The company’s stock had a trading volume of 350 shares, compared to its average volume of 2,162. The stock’s 50-day moving average price is $10.94 and its 200 day moving average price is $11.23. Brembo has a 1 year low of $9.10 and a 1 year 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.