Knorr-Bremse – Unsponsored ADR (OTCMKTS:KNRRY) Stock Short Interest Climbs 265.1%

Knorr-Bremse – Unsponsored ADR (OTCMKTS:KNRRY) was the recipient of a large increase in short interest in the month of October. As of October 30th, there was short interest totaling 2,910 shares, an increase of 265.1% from the October 15th total of 797 shares. Approximately 0.0% of the company’s shares are sold short. Based on an average daily volume of 131,491 shares, the days-to-cover ratio is currently 0.0 days.

Analyst Ratings Changes

Separately, Zacks Research lowered Knorr-Bremse from a “hold” rating to a “strong sell” rating in a report on Wednesday, September 30th. Five equities research analysts have rated the stock with a Buy rating, one has assigned a Hold rating and two have given a Sell rating to the stock. According to data from MarketBeat, the stock has an average rating of “Hold”.

Knorr-Bremse Price Performance

Shares of Knorr-Bremse stock traded up $0.29 during trading on Thursday, hitting $27.23. The stock had a trading volume of 16,753 shares, compared to its average volume of 20,391. Knorr-Bremse has a 12 month low of $23.59 and a 12 month high of $33.96. The firm’s fifty day simple moving average is $28.22 and its 200-day simple moving average is $29.39. The stock has a market cap of $17.55 billion, a PE ratio of 24.53, a PEG ratio of 0.98 and a beta of 0.56.

Knorr-Bremse (OTCMKTS:KNRRY) last issued its quarterly earnings results on Thursday, October 29th. The company reported $0.31 EPS for the quarter, meeting the consensus estimate of $0.31. Knorr-Bremse had a net margin of 7.72% and a return on equity of 19.26%. The company had revenue of $2.28 billion for the quarter, compared to the consensus estimate of $2.38 billion. Analysts expect that Knorr-Bremse will post 1.15 earnings per share for the current fiscal year.

Knorr-Bremse Company Profile

Knorr-Bremse AG is a Germany-based manufacturer of braking and other safety systems for rail vehicles and commercial vehicles. Founded by Georg Knorr in Berlin in 1905, the company is headquartered in Munich and supplies vehicle manufacturers and operators around the world. Its rail-vehicle products include braking systems, doors, air-conditioning and power-supply systems, and control and monitoring technologies. For commercial vehicles, Knorr-Bremse provides braking and air-treatment systems, driver-assistance technologies, and related control and steering products.