Knorr-Bremse - Unsponsored ADR (OTCMKTS:KNRRY) Sees Significant Drop in Short Interest

Key Points

• Short interest in Knorr-Bremse's unsponsored ADR KNRRY plunged by 72.9% to 8,326 shares as of April 15, leaving a short-interest ratio of 0.2 days and effectively 0.0% of shares short.
• The ADR opened at $29.33, trading in a one-year range of $22.62–$33.96 with a 50-day moving average of $30.06 and a 200-day moving average of $27.78.
• Analysts’ consensus is Hold (four Buy, three Hold, one Sell), with recent mixed notes including Goldman Sachs and UBS reiterating Buy while Zacks and DZ Bank downgraded to Hold.

Knorr-Bremse - Unsponsored ADR (OTCMKTS:KNRRY - Get Free Report) saw a large drop in short interest during the month of April. As of April 15th, there was short interest totaling 8,326 shares, a drop of 72.9% from the March 31st total of 30,698 shares. Based on an average daily volume of 38,681 shares, the short-interest ratio is currently 0.2 days. Currently, 0.0% of the shares of the company are short sold.

Knorr-Bremse Stock Performance

KNRRY stock opened at $29.33 on Friday. Knorr-Bremse has a one year low of $22.62 and a one year high of $33.96. The company has a fifty day moving average of $30.06 and a 200-day moving average of $27.78.

Analysts Set New Price Targets

Several research analysts have issued reports on the stock. Citigroup reissued a "neutral" rating on shares of Knorr-Bremse in a research report on Wednesday, February 25th. The Goldman Sachs Group restated a "buy" rating on shares of Knorr-Bremse in a research note on Wednesday, February 25th. UBS Group restated a "buy" rating on shares of Knorr-Bremse in a research note on Monday, February 23rd. Zacks Research cut shares of Knorr-Bremse from a "strong-buy" rating to a "hold" rating in a research note on Tuesday, February 3rd. Finally, DZ Bank cut shares of Knorr-Bremse from a "strong-buy" rating to a "hold" rating in a research note on Tuesday, January 27th. Four equities research analysts have rated the stock with a Buy rating, three have issued a Hold rating and one has given a Sell rating to the stock. According to MarketBeat, Knorr-Bremse presently has a consensus rating of "Hold".

Knorr-Bremse Company Profile

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.

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