Short Interest in Knorr-Bremse AG (OTCMKTS:KNRRY) Decreases By 50.0%

Knorr-Bremse AG (OTCMKTS:KNRRY) was the recipient of a significant decrease in short interest in February. As of February 15th, there was short interest totalling 500 shares, a decrease of 50.0% from the January 31st total of 1,000 shares. Based on an average daily volume of 12,000 shares, the short-interest ratio is presently 0.0 days.

Knorr-Bremse Price Performance

Shares of OTCMKTS:KNRRY traded up $0.11 during midday trading on Friday, reaching $21.59. 9,553 shares of the company were exchanged, compared to its average volume of 10,227. The business’s fifty day moving average is $19.27 and its two-hundred day moving average is $19.97. Knorr-Bremse has a one year low of $17.34 and a one year high of $22.44.

Wall Street Analysts Forecast Growth

Separately, Jefferies Financial Group raised shares of Knorr-Bremse to a “buy” rating in a research note on Monday, February 3rd.

About Knorr-Bremse

Knorr-Bremse AG, together with its subsidiaries, engages in the development, production, marketing, and servicing of braking and other systems for rail and commercial vehicles worldwide. The company operates in two segments, Rail Vehicle Systems and Commercial Vehicle Systems. The Rail Vehicle Systems segment offers braking systems, entrance and HVAC systems, sanitary systems, coupling systems, digital solutions, smart services for optimizing rail traffic, power electrics, rail computing and communication (RCC)/TCMS, signaling systems, stationary and mobile testing equipment, windshield wiper and wash systems, and extensive aftermarket solutions.