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

Knorr-Bremse – Unsponsored ADR (OTCMKTS:KNRRY) was the recipient of a large decline in short interest during the month of April. As of April 30th, there was short interest totaling 3,479 shares, a decline of 58.2% from the April 15th total of 8,326 shares. Currently, 0.0% of the company’s shares are sold short. Based on an average daily volume of 22,114 shares, the days-to-cover ratio is presently 0.2 days.

Analysts Set New Price Targets

Several equities analysts have recently weighed in on the company. The Goldman Sachs Group reissued a “buy” rating on shares of Knorr-Bremse in a research report on Wednesday, February 25th. UBS Group reissued a “buy” rating on shares of Knorr-Bremse in a research report on Monday, February 23rd. Citigroup reissued a “neutral” rating on shares of Knorr-Bremse in a research report on Wednesday, February 25th. Zacks Research downgraded Knorr-Bremse from a “strong-buy” rating to a “hold” rating in a research report on Tuesday, February 3rd. Finally, DZ Bank downgraded Knorr-Bremse from a “strong-buy” rating to a “hold” rating in a research report on Tuesday, January 27th. Four analysts have rated the stock with a Buy rating, three have issued a Hold rating and one has assigned a Sell rating to the company’s stock. According to data from MarketBeat, the company has a consensus rating of “Hold”.

Knorr-Bremse Price Performance

KNRRY traded down $0.65 during trading hours on Friday, reaching $29.58. 9,669 shares of the company’s stock traded hands, compared to its average volume of 15,501. The firm has a 50-day moving average price of $29.40 and a 200 day moving average price of $28.40. Knorr-Bremse has a 52-week low of $22.62 and a 52-week high of $33.96.

Knorr-Bremse (OTCMKTS:KNRRY) last posted its quarterly earnings data on Thursday, May 7th. The company reported $0.28 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.29 by ($0.01). The company had revenue of $2.28 billion during the quarter, compared to the consensus estimate of $2.30 billion. As a group, sell-side analysts anticipate that Knorr-Bremse will post 1.13 EPS for the current year.

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.