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

Knorr-Bremse AG (OTCMKTS:KNRRY) saw a significant growth in short interest in February. As of February 28th, there was short interest totalling 3,300 shares, a growth of 560.0% from the February 13th total of 500 shares. Based on an average trading volume of 13,700 shares, the short-interest ratio is currently 0.2 days.

Knorr-Bremse Stock Down 0.1 %

Knorr-Bremse stock traded down $0.02 during mid-day trading on Wednesday, reaching $24.17. 5,578 shares of the company were exchanged, compared to its average volume of 10,258. The firm’s 50-day simple moving average is $20.11 and its two-hundred day simple moving average is $20.16. Knorr-Bremse has a twelve month low of $17.34 and a twelve month high of $25.64.

Wall Street Analyst Weigh In

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

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.