Knorr-Bremse – Unsponsored ADR (OTCMKTS:KNRRY) Short Interest Down 40.6% in August

Knorr-Bremse – Unsponsored ADR (OTCMKTS:KNRRY) was the recipient of a significant drop in short interest in 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. Currently, 0.0% of the company’s stock are short sold. Based on an average trading volume of 22,508 shares, the days-to-cover ratio is presently 0.7 days.

Wall Street Analyst Weigh In

Several research analysts have commented on the stock. Morgan Stanley reiterated an “overweight” rating on shares of Knorr-Bremse in a report on Tuesday, June 23rd. Citigroup restated a “buy” rating on shares of Knorr-Bremse in a report on Tuesday, July 7th. Five equities research analysts have rated the stock with a Buy rating, two have issued a Hold rating and one has issued a Sell rating to the company. According to MarketBeat.com, the company has a consensus rating of “Moderate Buy”.

Knorr-Bremse Stock Up 2.0%

Knorr-Bremse stock traded up $0.60 during mid-day trading on Thursday, hitting $30.18. The company had a trading volume of 4,130 shares, compared to its average volume of 16,550. Knorr-Bremse has a 1 year low of $22.62 and a 1 year high of $33.96. The business has a fifty day moving average of $29.69 and a 200 day moving average of $29.53. The stock has a market cap of $19.46 billion, a price-to-earnings ratio of 28.47, a PEG ratio of 1.03 and a beta of 0.31.

Knorr-Bremse Company Profile

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.