Short Interest in Knorr-Bremse - Unsponsored ADR (OTCMKTS:KNRRY) Drops By 33.9%

Key Points

• Short interest in Knorr-Bremse - Unsponsored ADR (OTCMKTS:KNRRY) fell by 33.9% in July, with a total of only 3,900 shares sold short as of July 31.
• The stock price of Knorr-Bremse recently traded at $26.18, with a one-year performance range between $17.34 and $27.02.
• Analysts maintain a mixed outlook on Knorr-Bremse, with ratings including one Buy, one Hold, and one Sell, leading to an overall average rating of "Hold."

Knorr-Bremse - Unsponsored ADR (OTCMKTS:KNRRY - Get Free Report) was the recipient of a large drop in short interest during the month of July. As of July 31st, there was short interest totaling 3,900 shares, adropof33.9% from the July 15th total of 5,900 shares. Based on an average daily volume of 9,700 shares, the days-to-cover ratio is presently 0.4 days. Approximately0.0% of the company's shares are sold short. Approximately0.0% of the company's shares are sold short. Based on an average daily volume of 9,700 shares, the days-to-cover ratio is presently 0.4 days.

Knorr-Bremse Stock Performance

KNRRY traded up $0.24 during midday trading on Tuesday, reaching $26.18. 4,033 shares of the company were exchanged, compared to its average volume of 13,398. The company's fifty day moving average price is $24.90 and its 200 day moving average price is $23.83. Knorr-Bremse has a one year low of $17.3420 and a one year high of $27.02.

Wall Street Analyst Weigh In

A number of brokerages have recently issued reports on KNRRY. Citigroup reissued a "neutral" rating on shares of Knorr-Bremse in a research note on Tuesday, August 5th. Barclays reissued 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, one has assigned a Hold rating and one has issued a Sell rating to the company. Based on data from MarketBeat, Knorr-Bremse presently 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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