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

Knorr-Bremse – Unsponsored ADR (OTCMKTS:KNRRY) saw a significant decline in short interest in the month of October. As of October 15th, there was short interest totaling 797 shares, a decline of 87.3% from the September 30th total of 6,287 shares. Currently, 0.0% of the company’s shares are sold short. Based on an average daily trading volume, of 74,149 shares, the days-to-cover ratio is presently 0.0 days.

Analysts Set New Price Targets

Several research analysts have issued reports on KNRRY shares. Zacks Research lowered Knorr-Bremse from a “hold” rating to a “strong sell” rating in a research report on Wednesday, September 30th. Citigroup reaffirmed a “buy” rating on shares of Knorr-Bremse in a research report on Tuesday, July 7th. Five research analysts have rated the stock with a Buy rating, one has assigned a Hold rating and two have assigned a Sell rating to the stock. Based on data from MarketBeat.com, Knorr-Bremse has a consensus rating of “Hold”.

Knorr-Bremse Price Performance

Shares of KNRRY stock opened at $26.97 on Tuesday. Knorr-Bremse has a 1 year low of $22.62 and a 1 year high of $33.96. The firm has a market capitalization of $17.39 billion, a price-to-earnings ratio of 25.27, a price-to-earnings-growth ratio of 0.88 and a beta of 0.38. The business has a fifty day moving average of $29.08 and a 200 day moving average of $29.55.

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. The company supplies equipment to original equipment manufacturers and operators, with products designed to support vehicle control, safety, efficiency and passenger or driver comfort.

Its rail vehicle business offers braking systems, doors, entrance systems, climate-control equipment, automatic couplers, digital solutions and other components for trains, metros, trams and locomotives.