Knorr-Bremse – Unsponsored ADR (OTCMKTS:KNRRY) Short Interest Update

Knorr-Bremse – Unsponsored ADR (OTCMKTS:KNRRY) saw a significant drop in short interest in the month of September. As of September 15th, there was short interest totaling 4,787 shares, a drop of 69.8% from the August 31st total of 15,859 shares. Based on an average daily volume of 34,088 shares, the days-to-cover ratio is presently 0.1 days. Currently, 0.0% of the company’s stock are sold short.

Analyst Upgrades and Downgrades

A number of equities analysts have weighed in on the stock. Citigroup reissued a “buy” rating on shares of Knorr-Bremse in a research report on Tuesday, July 7th. Morgan Stanley reissued an “overweight” rating on shares of Knorr-Bremse in a report on Tuesday, June 23rd. Five 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 stock. Based on data from MarketBeat.com, Knorr-Bremse has a consensus rating of “Moderate Buy”.

Knorr-Bremse Price Performance

Shares of OTCMKTS KNRRY traded up $0.56 during mid-day trading on Friday, hitting $30.89. The company had a trading volume of 6,208 shares, compared to its average volume of 12,698. The stock has a market cap of $19.92 billion, a price-to-earnings ratio of 29.14, a PEG ratio of 1.00 and a beta of 0.31. Knorr-Bremse has a 12 month low of $22.62 and a 12 month high of $33.96. The firm’s 50 day simple moving average is $29.87 and its two-hundred day simple moving average is $29.51.

About Knorr-Bremse

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.