Knorr-Bremse – Unsponsored ADR (OTCMKTS:KNRRY) Stock Short Interest Falls 69.8%

Knorr-Bremse – Unsponsored ADR (OTCMKTS:KNRRY) was the recipient of a significant decrease in short interest during the month of September. As of September 15th, there was short interest totaling 4,787 shares, a decrease of 69.8% from the August 31st total of 15,859 shares. Based on an average trading volume of 34,088 shares, the days-to-cover ratio is currently 0.1 days. Currently, 0.0% of the shares of the stock are sold short.

Knorr-Bremse Price Performance

Shares of KNRRY opened at $30.89 on Friday. The stock has a market capitalization of $19.92 billion, a price-to-earnings ratio of 29.14, a price-to-earnings-growth ratio of 0.98 and a beta of 0.31. Knorr-Bremse has a 1 year low of $22.62 and a 1 year high of $33.96. The business’s 50 day simple moving average is $29.87 and its 200-day simple moving average is $29.51.

Analyst Ratings Changes

A number of analysts have issued reports on KNRRY shares. Morgan Stanley reiterated an “overweight” rating on shares of Knorr-Bremse in a report on Tuesday, June 23rd. Citigroup reissued a “buy” rating on shares of Knorr-Bremse in a report on Tuesday, July 7th. Five analysts have rated the stock with a Buy rating, two have assigned a Hold rating and one has assigned a Sell rating to the company’s stock. Based on data from MarketBeat.com, the company has an average 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.