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

Knorr-Bremse – Unsponsored ADR (OTCMKTS:KNRRY) saw a significant growth in short interest in the month of December. As of December 15th, there was short interest totaling 20,323 shares, a growth of 30.3% from the November 30th total of 15,595 shares. Approximately 0.0% of the shares of the company are sold short. Based on an average daily volume of 9,737 shares, the days-to-cover ratio is currently 2.1 days. Based on an average daily volume of 9,737 shares, the days-to-cover ratio is currently 2.1 days. Approximately 0.0% of the shares of the company are sold short.

Wall Street Analysts Forecast Growth

A number of research analysts recently commented on KNRRY shares. Morgan Stanley upgraded shares of Knorr-Bremse from an “equal weight” rating to an “overweight” rating in a research note on Monday, December 8th. The Goldman Sachs Group upgraded Knorr-Bremse to a “strong-buy” rating in a research note on Friday, November 28th. Zacks Research upgraded Knorr-Bremse from a “strong sell” rating to a “hold” rating in a research report on Friday, December 5th. Deutsche Bank Aktiengesellschaft raised shares of Knorr-Bremse from a “hold” rating to a “buy” rating in a research report on Monday, December 8th. Finally, UBS Group upgraded shares of Knorr-Bremse to a “strong-buy” rating in a research note on Friday, October 31st. Two equities research analysts have rated the stock with a Strong Buy rating, three have given a Buy rating, two have given a Hold rating and one has issued a Sell rating to the stock. According to MarketBeat, the company currently has an average rating of “Moderate Buy”.

Knorr-Bremse Stock Performance

Shares of OTCMKTS:KNRRY traded up $0.11 during trading on Tuesday, reaching $27.84. 4,595 shares of the company traded hands, compared to its average volume of 5,376. Knorr-Bremse has a 52 week low of $17.34 and a 52 week high of $28.01. The company’s 50 day moving average is $25.26 and its two-hundred day moving average is $24.88.

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.