Knorr-Bremse – Unsponsored ADR (OTCMKTS:KNRRY) Shares Shorted: Short Interest Down 87.3% in October

Knorr-Bremse – Unsponsored ADR (OTCMKTS:KNRRY) saw a large drop in short interest during the month of October. As of October 15th, there was short interest totaling 797 shares, a drop of 87.3% from the September 30th total of 6,287 shares. Currently, 0.0% of the company’s shares are sold short. Based on an average daily volume of 74,149 shares, the days-to-cover ratio is currently 0.0 days.

Knorr-Bremse Stock Down 0.3%

Shares of Knorr-Bremse stock traded down $0.09 on Wednesday, hitting $26.89. 24,876 shares of the company’s stock traded hands, compared to its average volume of 20,023. The stock has a market cap of $17.34 billion, a P/E ratio of 25.37, a PEG ratio of 0.88 and a beta of 0.38. Knorr-Bremse has a 52-week low of $22.62 and a 52-week high of $33.96. The firm’s 50-day moving average is $29.05 and its 200 day moving average is $29.54.

Analyst Ratings Changes

KNRRY has been the topic of a number of research analyst reports. Citigroup reiterated a “buy” rating on shares of Knorr-Bremse in a report on Tuesday, July 7th. Zacks Research cut Knorr-Bremse from a “hold” rating to a “strong sell” rating in a report on Wednesday, September 30th. Five research analysts have rated the stock with a Buy rating, one has given a Hold rating and two have assigned a Sell rating to the stock. According to MarketBeat, Knorr-Bremse currently has a consensus rating of “Hold”.

About Knorr-Bremse

Knorr-Bremse AG is a Germany-based manufacturer of braking and other safety-critical systems for rail vehicles and commercial vehicles. The company supplies equipment to original equipment manufacturers and operators, with products designed to support vehicle control, safety, efficiency and passenger or driver comfort.

Its rail vehicle business offers braking systems, doors, entrance systems, climate-control equipment, automatic couplers, digital solutions and other components for trains, metros, trams and locomotives.