Short Interest in Knorr-Bremse AG (OTCMKTS:KNRRY) Drops By 50.0%

Knorr-Bremse AG (OTCMKTS:KNRRY) saw a significant decline in short interest in the month of February. As of February 15th, there was short interest totalling 500 shares, a decline of 50.0% from the January 31st total of 1,000 shares. Based on an average trading volume of 12,000 shares, the short-interest ratio is currently 0.0 days.

Wall Street Analysts Forecast Growth

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

Knorr-Bremse Stock Up 0.5 %

KNRRY stock traded up $0.11 during trading hours on Friday, hitting $21.59. 9,553 shares of the stock were exchanged, compared to its average volume of 10,227. Knorr-Bremse has a 12 month low of $17.34 and a 12 month high of $22.44. The company has a 50-day simple moving average of $19.27 and a two-hundred day simple moving average of $19.96.

About Knorr-Bremse

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.