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

Knorr-Bremse – Unsponsored ADR (OTCMKTS:KNRRY) was the target of a significant drop in short interest in the month of August. As of August 31st, there was short interest totaling 15,859 shares, a drop of 40.6% from the August 15th total of 26,714 shares. Based on an average daily trading volume, of 22,508 shares, the short-interest ratio is currently 0.7 days. Approximately 0.0% of the shares of the company are short sold.

Knorr-Bremse Stock Performance

Shares of KNRRY stock traded down $0.14 during mid-day trading on Wednesday, reaching $29.80. The company’s stock had a trading volume of 5,524 shares, compared to its average volume of 16,625. The firm’s 50-day moving average is $29.68 and its two-hundred day moving average is $29.56. The company has a market cap of $19.22 billion, a P/E ratio of 28.11, a PEG ratio of 1.00 and a beta of 0.31. Knorr-Bremse has a 1-year low of $22.62 and a 1-year high of $33.96.

Analysts Set New Price Targets

KNRRY has been the topic of several research reports. Citigroup restated a “buy” rating on shares of Knorr-Bremse in a research note on Tuesday, July 7th. Morgan Stanley reissued an “overweight” rating on shares of Knorr-Bremse in a report on Tuesday, June 23rd. Five investment analysts have rated the stock with a Buy rating, two have given a Hold rating and one has issued a Sell rating to the company. According to MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy”.

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.