Short Interest in Knorr-Bremse – Unsponsored ADR (OTCMKTS:KNRRY) Expands By 244.3%

Knorr-Bremse – Unsponsored ADR (OTCMKTS:KNRRY) was the target of a large increase in short interest during the month of February. As of February 13th, there was short interest totaling 24,018 shares, an increase of 244.3% from the January 29th total of 6,976 shares. Based on an average daily volume of 15,763 shares, the days-to-cover ratio is presently 1.5 days. Approximately 0.0% of the shares of the stock are short sold. Approximately 0.0% of the shares of the stock are short sold. Based on an average daily volume of 15,763 shares, the days-to-cover ratio is presently 1.5 days.

Knorr-Bremse Stock Down 2.6%

Shares of Knorr-Bremse stock traded down $0.89 during trading on Thursday, reaching $32.82. 266 shares of the company were exchanged, compared to its average volume of 11,651. The business has a 50-day moving average price of $29.69 and a 200-day moving average price of $26.46. Knorr-Bremse has a twelve month low of $19.82 and a twelve month high of $33.96.

Wall Street Analysts Forecast Growth

KNRRY has been the topic of several recent analyst reports. Citigroup reissued a “neutral” rating on shares of Knorr-Bremse in a report on Wednesday. Barclays reissued an “underweight” rating on shares of Knorr-Bremse in a research note on Wednesday, December 3rd. The Goldman Sachs Group restated a “buy” rating on shares of Knorr-Bremse in a report on Wednesday. Deutsche Bank Aktiengesellschaft upgraded shares of Knorr-Bremse from a “hold” rating to a “buy” rating in a research report on Monday, December 8th. Finally, Zacks Research cut shares of Knorr-Bremse from a “strong-buy” rating to a “hold” rating in a research report on Tuesday, February 3rd. Four research analysts have rated the stock with a Buy rating, three have assigned a Hold rating and one has assigned a Sell rating to the company. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Hold”.

About Knorr-Bremse

Knorr-Bremse AG is a Munich-based engineering company that specializes in braking systems and other critical subsystems for rail and commercial vehicles. Founded in 1905 by Georg Knorr, the firm has grown into a global leader in rail technology and commercial vehicle solutions. Its expertise spans safety-related systems designed to optimize performance, energy efficiency, and passenger comfort across a broad range of transport applications.

The company’s operations are organized into two primary business segments: Railway Systems and Commercial Vehicle Systems.