Knorr-Bremse – Unsponsored ADR (OTCMKTS:KNRRY) Sees Significant Growth in Short Interest

Knorr-Bremse – Unsponsored ADR (OTCMKTS:KNRRY) saw a large increase in short interest in the month of March. As of March 31st, there was short interest totaling 30,698 shares, an increase of 35.8% from the March 15th total of 22,605 shares. Based on an average trading volume of 54,270 shares, the short-interest ratio is presently 0.6 days. Currently, 0.0% of the shares of the company are short sold.

Knorr-Bremse Trading Down 1.5%

KNRRY traded down $0.46 during trading on Wednesday, reaching $29.99. 5,523 shares of the company traded hands, compared to its average volume of 16,623. Knorr-Bremse has a 12-month low of $22.61 and a 12-month high of $33.96. The firm has a fifty day simple moving average of $30.30 and a 200 day simple moving average of $27.49.

Analyst Ratings Changes

KNRRY has been the topic of a number of recent analyst reports. The Goldman Sachs Group restated a “buy” rating on shares of Knorr-Bremse in a research note on Wednesday, February 25th. Citigroup restated a “neutral” rating on shares of Knorr-Bremse in a research note on Wednesday, February 25th. Zacks Research cut shares of Knorr-Bremse from a “strong-buy” rating to a “hold” rating in a research note on Tuesday, February 3rd. DZ Bank cut shares of Knorr-Bremse from a “strong-buy” rating to a “hold” rating in a research note on Tuesday, January 27th. Finally, UBS Group restated a “buy” rating on shares of Knorr-Bremse in a research note on Monday, February 23rd. Four investment analysts have rated the stock with a Buy rating, three have assigned a Hold rating and one has issued a Sell rating to the stock. According to data from MarketBeat.com, Knorr-Bremse currently has an average rating of “Hold”.

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.