Knorr-Bremse AG (OTCMKTS:KNRRY) Short Interest Up 560.0% in February

Knorr-Bremse AG (OTCMKTS:KNRRY) saw a large increase in short interest in 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 short-interest ratio is presently 0.2 days.

Wall Street Analyst Weigh In

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

Knorr-Bremse Stock Performance

KNRRY traded up $0.28 on Thursday, reaching $24.45. 8,826 shares of the stock were exchanged, compared to its average volume of 10,226. Knorr-Bremse has a fifty-two week low of $17.34 and a fifty-two week high of $25.64. The company’s 50-day moving average price is $20.24 and its 200 day moving average price is $20.19.

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.