Short Interest in Knorr-Bremse - Unsponsored ADR (OTCMKTS:KNRRY) Declines By 65.3%

Key Points

• Short interest in Knorr-Bremse has decreased by 65.3%, dropping from 21,600 shares to 7,500 shares as of August 31st.
• The stock has an average rating of "Hold" from analysts, with one Buy, two Hold, and one Sell ratings.
• Knorr-Bremse's shares have shown volatility, with a 52-week low of $17.34 and a high of $27.02, currently trading around $25.17.

Knorr-Bremse - Unsponsored ADR (OTCMKTS:KNRRY - Get Free Report) saw a large drop in short interest in the month of August. As of August 31st, there was short interest totaling 7,500 shares, a drop of 65.3% from the August 15th total of 21,600 shares. Approximately 0.0% of the shares of the company are short sold. Based on an average daily trading volume, of 14,200 shares, the short-interest ratio is currently 0.5 days. Based on an average daily trading volume, of 14,200 shares, the short-interest ratio is currently 0.5 days. Approximately 0.0% of the shares of the company are short sold.

Knorr-Bremse Trading Up 0.5%

Shares of KNRRY stock opened at $25.17 on Friday. Knorr-Bremse has a 52-week low of $17.34 and a 52-week high of $27.02. The business's fifty day moving average is $25.40 and its 200 day moving average is $24.42.

Analyst Ratings Changes

A number of equities research analysts have issued reports on KNRRY shares. Zacks Research cut shares of Knorr-Bremse from a "strong-buy" rating to a "hold" rating in a report on Friday, August 29th. Citigroup reiterated a "neutral" rating on shares of Knorr-Bremse in a research report on Tuesday, August 5th. Finally, Barclays restated an "underweight" rating on shares of Knorr-Bremse in a research note on Thursday, July 10th. One equities research analyst has rated the stock with a Buy rating, two have assigned a Hold rating and one has issued a Sell rating to the stock. According to data from MarketBeat, Knorr-Bremse currently has an average rating of "Hold".

About Knorr-Bremse

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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