Knorr-Bremse AG (OTCMKTS:KNRRY) Sees Significant Increase in Short Interest

Knorr-Bremse AG (OTCMKTS:KNRRY) saw a significant increase in short interest during the month of March. As of March 15th, there was short interest totalling 7,300 shares, an increase of 121.2% from the February 28th total of 3,300 shares. Based on an average daily volume of 17,900 shares, the days-to-cover ratio is presently 0.4 days.

Wall Street Analyst Weigh In

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

Knorr-Bremse Trading Down 2.4 %

Shares of Knorr-Bremse stock traded down $0.56 on Friday, reaching $22.92. 4,606 shares of the stock were exchanged, compared to its average volume of 9,720. Knorr-Bremse has a 1-year low of $17.34 and a 1-year high of $26.30. The business has a fifty day moving average price of $21.76 and a two-hundred day moving average price of $20.52.

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.