Short Interest in Knorr-Bremse AG (OTCMKTS:KNRRY) Expands By 560.0%

Knorr-Bremse AG (OTCMKTS:KNRRY) was the recipient of a large increase in short interest during the month of February. As of February 28th, there was short interest totalling 3,300 shares, an increase of 560.0% from the February 13th total of 500 shares. Based on an average daily volume of 13,700 shares, the days-to-cover ratio is presently 0.2 days.

Knorr-Bremse Trading Down 1.6 %

Shares of Knorr-Bremse stock traded down $0.38 on Friday, hitting $24.07. 7,786 shares of the company were exchanged, compared to its average volume of 10,175. The company has a 50-day moving average price of $20.37 and a 200 day moving average price of $20.22. Knorr-Bremse has a 1-year low of $17.34 and a 1-year high of $25.64.

Analyst Upgrades and Downgrades

Separately, Jefferies Financial Group raised shares of Knorr-Bremse to a “buy” rating in a research note on Monday, February 3rd.

Knorr-Bremse Company Profile

Knorr-Bremse AG, together with its subsidiaries, engages in the development, production, marketing, and servicing of braking and other systems for rail and commercial vehicles worldwide. The company operates in two segments, Rail Vehicle Systems and Commercial Vehicle Systems. The Rail Vehicle Systems segment offers braking systems, entrance and HVAC systems, sanitary systems, coupling systems, digital solutions, smart services for optimizing rail traffic, power electrics, rail computing and communication (RCC)/TCMS, signaling systems, stationary and mobile testing equipment, windshield wiper and wash systems, and extensive aftermarket solutions.