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

Knorr-Bremse – Unsponsored ADR (OTCMKTS:KNRRY) saw a large increase in short interest in July. As of July 15th, there was short interest totaling 57,493 shares, an increase of 413.1% from the June 30th total of 11,204 shares. Based on an average daily trading volume, of 78,912 shares, the short-interest ratio is currently 0.7 days. Currently, 0.0% of the shares of the stock are sold short.

Knorr-Bremse Stock Performance

KNRRY stock opened at $30.19 on Friday. Knorr-Bremse has a one year low of $22.62 and a one year high of $33.96. The firm’s 50 day moving average price is $29.30 and its 200-day moving average price is $29.68. The firm has a market cap of $19.47 billion and a PE ratio of 30.49.

Knorr-Bremse (OTCMKTS:KNRRY) last issued its quarterly earnings data on Thursday, May 7th. The company reported $0.28 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.29 by ($0.01). Knorr-Bremse had a return on equity of 17.17% and a net margin of 7.08%.The business had revenue of $2.28 billion during the quarter, compared to the consensus estimate of $2.30 billion. Equities research analysts predict that Knorr-Bremse will post 1.63 EPS for the current fiscal year.

Wall Street Analyst Weigh In

A number of analysts have issued reports on KNRRY shares. Morgan Stanley reaffirmed an “overweight” rating on shares of Knorr-Bremse in a research note on Tuesday, June 23rd. Citigroup reissued a “buy” rating on shares of Knorr-Bremse in a report on Tuesday, July 7th. Five equities research 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. According to MarketBeat.com, the stock presently 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.