Knorr-Bremse – Unsponsored ADR (OTCMKTS:KNRRY) Short Interest Up 83.6% in May

Knorr-Bremse – Unsponsored ADR (OTCMKTS:KNRRY – Get Free Report) was the recipient of a large increase in short interest in the month of 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 trading volume of 20,067 shares, the short-interest ratio is presently 0.7 days. Currently, 0.0% of the shares of the company are short sold.

Knorr-Bremse Price Performance

Shares of OTCMKTS KNRRY remained flat at $29.43 during midday trading on Monday. 13,316 shares of the stock were exchanged, compared to its average volume of 12,221. The business’s 50-day simple moving average is $29.49 and its 200-day simple moving average is $29.18. The company has a market cap of $18.97 billion and a P/E ratio of 105.09. Knorr-Bremse has a 1 year low of $22.62 and a 1 year high of $33.96.

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Knorr-Bremse (OTCMKTS:KNRRY – Get Free Report) last released its earnings results on Thursday, May 7th. The company reported $0.28 earnings per share for the quarter, missing analysts’ consensus estimates of $0.29 by ($0.01). The company had revenue of $2.28 billion for the quarter, compared to the consensus estimate of $2.30 billion. Sell-side analysts predict that Knorr-Bremse will post 1.13 earnings per share for the current fiscal year.

Analyst Upgrades and Downgrades

A number of brokerages recently commented on KNRRY. The Goldman Sachs Group reaffirmed a “buy” rating on shares of Knorr-Bremse in a report on Wednesday, February 25th. UBS Group restated a “buy” rating on shares of Knorr-Bremse in a research report on Monday, February 23rd. Finally, Citigroup raised Knorr-Bremse from a “neutral” rating to a “buy” rating in a research note on Tuesday, May 19th. Five investment analysts have rated the stock with a Buy rating, two have given a Hold rating and one has issued a Sell rating to the company. Based on data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy”.

Check Out Our Latest Stock Analysis on KNRRY

About Knorr-Bremse

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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.

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