Short Interest in Knorr-Bremse – Unsponsored ADR (OTCMKTS:KNRRY) Drops By 40.6%

Knorr-Bremse – Unsponsored ADR (OTCMKTS:KNRRY) saw a large decrease in short interest in August. As of August 31st, there was short interest totaling 15,859 shares, a decrease of 40.6% from the August 15th total of 26,714 shares. Based on an average daily volume of 22,508 shares, the short-interest ratio is presently 0.7 days. Approximately 0.0% of the company’s shares are sold short.

Analyst Ratings Changes

KNRRY has been the subject of several recent research reports. Morgan Stanley restated an “overweight” rating on shares of Knorr-Bremse in a report on Tuesday, June 23rd. Citigroup restated a “buy” rating on shares of Knorr-Bremse in a research note on Tuesday, July 7th. Five equities research analysts have rated the stock with a Buy rating, two have issued a Hold rating and one has given a Sell rating to the company. According to MarketBeat, the stock has an average rating of “Moderate Buy”.

Knorr-Bremse Stock Up 3.3%

Shares of OTCMKTS KNRRY traded up $0.98 on Friday, reaching $30.56. 840 shares of the company’s stock traded hands, compared to its average volume of 16,596. The company has a market cap of $19.71 billion, a price-to-earnings ratio of 28.83, a price-to-earnings-growth ratio of 1.02 and a beta of 0.31. The business’s 50 day simple moving average is $29.71 and its two-hundred day simple moving average is $29.51. Knorr-Bremse has a 12 month low of $22.62 and a 12 month high of $33.96.

Knorr-Bremse Company Profile

Knorr-Bremse AG is a Germany-based manufacturer of braking and other safety-critical systems for rail vehicles and commercial vehicles. Founded in 1905 by Georg Knorr, the company has developed into an international supplier serving original-equipment manufacturers, rail operators and fleet customers.

Its rail vehicle business provides braking systems, doors, HVAC and other onboard systems, as well as control and service solutions for trains, metros, trams and other rail applications. Its commercial vehicle business supplies braking, steering, driver-assistance, vehicle-control and air-treatment systems for trucks, buses, trailers and other heavy-duty vehicles.

Knorr-Bremse operates across major transportation markets in Europe, North America, Asia and other regions, supporting customers through manufacturing, engineering, aftermarket services and maintenance activities.