Short Interest in Knorr-Bremse AG (OTCMKTS:KNRRY) Increases By 121.2%

Knorr-Bremse AG (OTCMKTS:KNRRY) was the recipient of a significant growth in short interest during the month of March. As of March 15th, there was short interest totalling 7,300 shares, a growth of 121.2% from the February 28th total of 3,300 shares. Based on an average daily trading volume, of 17,900 shares, the days-to-cover ratio is presently 0.4 days.

Wall Street Analyst Weigh In

Separately, Jefferies Financial Group upgraded Knorr-Bremse to a “buy” rating in a research report on Monday, February 3rd.

Knorr-Bremse Stock Performance

KNRRY stock opened at $22.92 on Friday. Knorr-Bremse has a one year low of $17.34 and a one year high of $26.30. The firm’s fifty day moving average is $21.76 and its 200 day moving average is $20.52.

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.