Short Interest in Knorr-Bremse - Unsponsored ADR (OTCMKTS:KNRRY) Expands By 453.8%

Key Points

• The short interest in Knorr-Bremse's Unsponsored ADR (OTCMKTS:KNRRY) increased by 453.8% in August, reaching a total of 21,600 shares from 3,900 shares on July 31st.
• Analysts have mixed ratings for Knorr-Bremse, with one Buy, one Hold, and one Sell rating, leading to an average rating of "Hold."
• The stock is currently trading around $24.69, with a twelve-month low of $17.34 and a high of $27.02, reflecting a challenging performance despite its core business in braking systems for rail and commercial vehicles.

Knorr-Bremse - Unsponsored ADR (OTCMKTS:KNRRY - Get Free Report) was the recipient of a significant growth in short interest in August. As of August 15th, there was short interest totaling 21,600 shares, agrowthof453.8% from the July 31st total of 3,900 shares. Based on an average trading volume of 13,700 shares, the days-to-cover ratio is presently 1.6 days. Based on an average trading volume of 13,700 shares, the days-to-cover ratio is presently 1.6 days.

Knorr-Bremse Stock Performance

Shares of OTCMKTS:KNRRY opened at $24.69 on Wednesday. The business has a fifty day moving average of $25.29 and a 200-day moving average of $24.25. Knorr-Bremse has a twelve month low of $17.34 and a twelve month high of $27.02.

Analyst Upgrades and Downgrades

Several research firms have issued reports on KNRRY. Barclays reiterated an "underweight" rating on shares of Knorr-Bremse in a research note on Thursday, July 10th. Citigroup restated a "neutral" rating on shares of Knorr-Bremse in a research note on Tuesday, August 5th. One analyst has rated the stock with a Buy rating, one has issued a Hold rating and one has given a Sell rating to the stock. Based on data from MarketBeat, the stock 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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