Knorr-Bremse – Unsponsored ADR (OTCMKTS:KNRRY – Get Free Report) was the target of a significant drop in short interest in the month of July. As of July 31st, there was short interest totaling 10,679 shares, a drop of 81.4% from the July 15th total of 57,493 shares. Based on an average daily volume of 27,567 shares, the short-interest ratio is currently 0.4 days. Currently, 0.0% of the company’s shares are sold short.
Knorr-Bremse Stock Up 1.4%
OTCMKTS KNRRY opened at $29.53 on Wednesday. Knorr-Bremse has a 52 week low of $22.62 and a 52 week high of $33.96. The business has a 50 day moving average price of $29.45 and a 200-day moving average price of $29.79. The company has a market cap of $19.04 billion and a price-to-earnings ratio of 27.86.
Wall Street Analysts Forecast Growth
KNRRY has been the topic of several recent analyst reports. Morgan Stanley reissued an “overweight” rating on shares of Knorr-Bremse in a research note on Tuesday, June 23rd. Citigroup reiterated a “buy” rating on shares of Knorr-Bremse in a research note on Tuesday, July 7th. Five investment analysts have rated the stock with a Buy rating, two have given a Hold rating and one has assigned a Sell rating to the company. According to data from MarketBeat.com, the stock currently 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.
See Also
- Five stocks we like better than Knorr-Bremse
- Atlassian Just Pulled Off the Software Comeback Wall Street Wanted
- AST SpaceMobile Earnings Just Reminded Investors How Risky Space Can Be
- NVIDIA’s Rally Sets Up a Bigger Test Ahead of Earnings
- Apple’s Next iPhone Could Test How Much Pricing Power Is Left
Receive News & Ratings for Knorr-Bremse Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Knorr-Bremse and related companies with MarketBeat.com's FREE daily email newsletter.
