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 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 daily volume of 20,067 shares, the short-interest ratio is presently 0.7 days. Approximately 0.0% of the shares of the stock are short sold.

Knorr-Bremse Stock Performance

Shares of OTCMKTS:KNRRY remained flat at $29.43 during mid-day trading on Monday. The company had a trading volume of 13,316 shares, compared to its average volume of 12,221. The business has a 50-day moving average of $29.49 and a 200 day moving average of $29.18. Knorr-Bremse has a 12 month low of $22.62 and a 12 month high of $33.96. The firm has a market cap of $18.97 billion and a P/E ratio of 105.09.

Knorr-Bremse (OTCMKTS:KNRRY) last released its quarterly earnings results on Thursday, May 7th. The company reported $0.28 earnings per share for the quarter, missing the consensus estimate of $0.29 by ($0.01). The business had revenue of $2.28 billion during the quarter, compared to analyst estimates of $2.30 billion. As a group, equities research analysts anticipate that Knorr-Bremse will post 1.13 EPS for the current year.

Analyst Upgrades and Downgrades

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

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.