Knorr-Bremse – Unsponsored ADR (OTCMKTS:KNRRY) Short Interest Update

Knorr-Bremse – Unsponsored ADR (OTCMKTS:KNRRY) was the target of a significant increase in short interest in May. As of May 29th, there was short interest totaling 14,366 shares, an increase of 83.6% from the May 14th total of 7,826 shares. Based on an average daily trading volume, of 20,067 shares, the days-to-cover ratio is presently 0.7 days. Currently, 0.0% of the company’s stock are sold short.

Knorr-Bremse Stock Performance

Shares of OTCMKTS:KNRRY traded up $0.60 during trading on Tuesday, hitting $30.32. The company’s stock had a trading volume of 524 shares, compared to its average volume of 15,479. Knorr-Bremse has a fifty-two week low of $22.62 and a fifty-two week high of $33.96. The stock’s 50-day moving average price is $29.52 and its two-hundred day moving average price is $29.22. The company has a market capitalization of $19.55 billion and a PE ratio of 108.29.

Knorr-Bremse (OTCMKTS:KNRRY) last released its quarterly earnings results on Thursday, May 7th. The company reported $0.28 EPS for the quarter, missing the consensus estimate of $0.29 by ($0.01). The company had revenue of $2.28 billion during the quarter, compared to analyst estimates of $2.30 billion. On average, equities analysts predict that Knorr-Bremse will post 1.13 earnings per share for the current fiscal year.

Analyst Upgrades and Downgrades

A number of equities research analysts have recently issued reports on KNRRY shares. UBS Group reiterated a “buy” rating on shares of Knorr-Bremse in a research note on Monday, February 23rd. Citigroup upgraded Knorr-Bremse from a “neutral” rating to a “buy” rating in a research note on Tuesday, May 19th. Finally, The Goldman Sachs Group reiterated a “buy” rating on shares of Knorr-Bremse in a research note on Wednesday, February 25th. Five investment analysts have rated the stock with a Buy rating, two have assigned a Hold rating and one has issued a Sell rating to the company. According to MarketBeat.com, the stock presently has an average rating of “Moderate Buy”.

About Knorr-Bremse

Knorr-Bremse AG is a Munich-based engineering company that specializes in braking systems and other critical subsystems for rail and commercial vehicles. Founded in 1905 by Georg Knorr, the firm has grown into a global leader in rail technology and commercial vehicle solutions. Its expertise spans safety-related systems designed to optimize performance, energy efficiency, and passenger comfort across a broad range of transport applications.

The company’s operations are organized into two primary business segments: Railway Systems and Commercial Vehicle Systems.