Short Interest in Knorr-Bremse – Unsponsored ADR (OTCMKTS:KNRRY) Expands By 124.9%

Knorr-Bremse – Unsponsored ADR (OTCMKTS:KNRRY) was the target of a large growth in short interest in May. As of May 15th, there was short interest totaling 7,826 shares, a growth of 124.9% from the April 30th total of 3,479 shares. Approximately 0.0% of the company’s shares are short sold. Based on an average daily volume of 35,087 shares, the short-interest ratio is presently 0.2 days.

Knorr-Bremse Trading Down 2.3%

OTCMKTS KNRRY traded down $0.70 on Tuesday, hitting $29.42. 11,328 shares of the stock traded hands, compared to its average volume of 14,639. The stock has a 50-day moving average of $29.43 and a 200 day moving average of $28.91. Knorr-Bremse has a twelve month low of $22.62 and a twelve month high of $33.96.

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

Analysts Set New Price Targets

Several brokerages have recently weighed in on KNRRY. The Goldman Sachs Group reaffirmed a “buy” rating on shares of Knorr-Bremse in a research report on Wednesday, February 25th. UBS Group reiterated a “buy” rating on shares of Knorr-Bremse in a research note on Monday, February 23rd. Zacks Research cut Knorr-Bremse from a “strong-buy” rating to a “hold” rating in a research note on Tuesday, February 3rd. Finally, Citigroup upgraded Knorr-Bremse from a “neutral” rating to a “buy” rating in a research note on Tuesday, May 19th. Five research 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’s stock. According to data from MarketBeat.com, the company has an average rating of “Moderate Buy”.

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.