Knorr-Bremse - Unsponsored ADR (OTCMKTS:KNRRY) Short Interest Down 37.1% in September

Key Points

• Knorr-Bremse's short interest dropped by 37.1% in September, with a total of 3,900 shares shorted as of the end of the month.
• Analysts have varied opinions on Knorr-Bremse, with one analyst giving a Buy rating, two assigning a Hold rating, and one issuing a Sell rating, leading to a consensus rating of "Hold."
• The company's stock price remained stable at $22.99, with a 52-week range between $17.34 and $27.02.

Knorr-Bremse - Unsponsored ADR (OTCMKTS:KNRRY - Get Free Report) saw a significant decline in short interest in the month of September. As of September 30th, there was short interest totaling 3,900 shares, a decline of 37.1% from the September 15th total of 6,200 shares. Based on an average trading volume of 19,600 shares, the days-to-cover ratio is currently 0.2 days. Based on an average trading volume of 19,600 shares, the days-to-cover ratio is currently 0.2 days.

Analysts Set New Price Targets

KNRRY has been the subject of a number of recent analyst reports. Barclays restated an "underweight" rating on shares of Knorr-Bremse in a research report on Thursday, July 10th. Citigroup restated a "neutral" rating on shares of Knorr-Bremse in a research report on Tuesday, August 5th. Finally, Zacks Research cut Knorr-Bremse from a "strong-buy" rating to a "hold" rating in a research report on Friday, August 29th. One investment analyst has rated the stock with a Buy rating, two have assigned a Hold rating and one has issued a Sell rating to the company's stock. According to MarketBeat.com, the company currently has a consensus rating of "Hold".

Knorr-Bremse Price Performance

KNRRY remained flat at $22.99 on Wednesday. 3,946 shares of the company's stock traded hands, compared to its average volume of 12,266. Knorr-Bremse has a 52 week low of $17.34 and a 52 week high of $27.02. The firm's fifty day simple moving average is $24.57 and its 200-day simple moving average is $24.45.

Knorr-Bremse Company Profile

Knorr-Bremse AG, together with its subsidiaries, engages in the development, production, marketing, and servicing of braking and other systems for rail and commercial vehicles worldwide. The company operates in two segments, Rail Vehicle Systems and Commercial Vehicle Systems. The Rail Vehicle Systems segment offers braking systems, entrance and HVAC systems, sanitary systems, coupling systems, digital solutions, smart services for optimizing rail traffic, power electrics, rail computing and communication (RCC)/TCMS, signaling systems, stationary and mobile testing equipment, windshield wiper and wash systems, and extensive aftermarket solutions.

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