Knorr-Bremse – Unsponsored ADR (OTCMKTS:KNRRY) Sees Large Decrease in Short Interest

Knorr-Bremse – Unsponsored ADR (OTCMKTS:KNRRY) was the recipient of a significant decline in short interest in the month of December. As of December 31st, there was short interest totaling 14,028 shares, a decline of 31.0% from the December 15th total of 20,323 shares. Approximately 0.0% of the company’s shares are short sold. Based on an average daily volume of 11,836 shares, the days-to-cover ratio is currently 1.2 days. Based on an average daily volume of 11,836 shares, the days-to-cover ratio is currently 1.2 days. Approximately 0.0% of the company’s shares are short sold.

Knorr-Bremse Stock Up 0.5%

Shares of OTCMKTS KNRRY opened at $29.14 on Friday. The company has a fifty day moving average price of $26.77 and a 200 day moving average price of $25.32. Knorr-Bremse has a 1-year low of $17.87 and a 1-year high of $29.41.

Wall Street Analyst Weigh In

KNRRY has been the topic of several analyst reports. Zacks Research upgraded shares of Knorr-Bremse from a “hold” rating to a “strong-buy” rating in a report on Monday, January 5th. Barclays restated an “underweight” rating on shares of Knorr-Bremse in a research report on Wednesday, December 3rd. The Goldman Sachs Group upgraded Knorr-Bremse to a “strong-buy” rating in a report on Friday, November 28th. Morgan Stanley upgraded Knorr-Bremse from an “equal weight” rating to an “overweight” rating in a report on Monday, December 8th. Finally, Deutsche Bank Aktiengesellschaft raised Knorr-Bremse from a “hold” rating to a “buy” rating in a research report on Monday, December 8th. Three equities research analysts have rated the stock with a Strong Buy rating, three have issued a Buy rating, one has given a Hold rating and one has issued a Sell rating to the company. According to data from MarketBeat.com, the company has an average rating of “Buy”.

Knorr-Bremse Company Profile

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.