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

Knorr-Bremse – Unsponsored ADR (OTCMKTS:KNRRY) was the target of a large drop in short interest in April. As of April 30th, there was short interest totaling 3,479 shares, a drop of 58.2% from the April 15th total of 8,326 shares. Currently, 0.0% of the company’s stock are sold short. Based on an average daily volume of 22,114 shares, the days-to-cover ratio is currently 0.2 days.

Knorr-Bremse Trading Down 2.1%

Shares of KNRRY opened at $29.58 on Friday. Knorr-Bremse has a one year low of $22.62 and a one year high of $33.96. The company’s fifty day moving average price is $29.40 and its 200 day moving average price is $28.40.

Knorr-Bremse (OTCMKTS:KNRRY) last announced its 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 for the quarter, compared to analysts’ expectations of $2.30 billion. As a group, equities analysts predict that Knorr-Bremse will post 1.13 EPS for the current year.

Analysts Set New Price Targets

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

Knorr-Bremse Company Profile

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.