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

Knorr-Bremse – Unsponsored ADR (OTCMKTS:KNRRY) was the recipient of a significant decrease in short interest during the month of August. As of August 31st, there was short interest totaling 15,859 shares, a decrease of 40.6% from the August 15th total of 26,714 shares. Based on an average daily trading volume, of 22,508 shares, the short-interest ratio is currently 0.7 days. Approximately 0.0% of the company’s stock are short sold.

Knorr-Bremse Price Performance

KNRRY traded down $0.14 on Wednesday, hitting $29.80. The company had a trading volume of 5,524 shares, compared to its average volume of 16,625. The stock has a market cap of $19.22 billion, a price-to-earnings ratio of 28.11, a price-to-earnings-growth ratio of 1.00 and a beta of 0.31. The company’s fifty day moving average price is $29.68 and its 200 day moving average price is $29.56. Knorr-Bremse has a 1-year low of $22.62 and a 1-year high of $33.96.

Wall Street Analysts Forecast Growth

Several brokerages have recently commented on KNRRY. Morgan Stanley restated an “overweight” rating on shares of Knorr-Bremse in a research note on Tuesday, June 23rd. Citigroup reiterated 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 given a Hold rating and one has assigned a Sell rating to the company’s stock. According to MarketBeat.com, the company presently has a consensus rating of “Moderate Buy”.

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.