Short Interest in Continental AG (OTCMKTS:CTTAY) Expands By 331.2%

Continental AG (OTCMKTS:CTTAYGet Free Report) was the target of a large increase in short interest during the month of July. As of July 15th, there was short interest totaling 28,725 shares, an increase of 331.2% from the June 30th total of 6,662 shares. Currently, 0.0% of the shares of the company are short sold. Based on an average daily volume of 257,359 shares, the short-interest ratio is presently 0.1 days.

Wall Street Analyst Weigh In

CTTAY has been the topic of several recent research reports. Deutsche Bank Aktiengesellschaft reiterated a “buy” rating on shares of Continental in a research report on Thursday, July 2nd. Kepler Capital Markets cut shares of Continental from a “strong-buy” rating to a “hold” rating in a research report on Monday, July 6th. Finally, Citigroup reaffirmed a “buy” rating on shares of Continental in a research report on Friday, June 12th. Three research analysts have rated the stock with a Buy rating and six have assigned a Hold rating to the company’s stock. Based on data from MarketBeat, Continental currently has a consensus rating of “Hold”.

View Our Latest Analysis on Continental

Continental Trading Up 1.3%

Shares of OTCMKTS:CTTAY opened at $7.96 on Friday. The business’s 50 day simple moving average is $8.20 and its 200 day simple moving average is $7.95. Continental has a 1 year low of $6.21 and a 1 year high of $9.07. The company has a debt-to-equity ratio of 0.89, a current ratio of 1.25 and a quick ratio of 0.82. The company has a market capitalization of $15.92 billion, a P/E ratio of -49.75, a P/E/G ratio of 0.65 and a beta of 1.38.

Continental (OTCMKTS:CTTAYGet Free Report) last announced its quarterly earnings data on Wednesday, May 6th. The company reported $0.11 earnings per share for the quarter, missing the consensus estimate of $0.17 by ($0.06). The company had revenue of $5.14 billion during the quarter, compared to analyst estimates of $5.07 billion. Continental had a net margin of 0.19% and a negative return on equity of 4.89%. On average, research analysts anticipate that Continental will post 0.8 EPS for the current fiscal year.

Continental Company Profile

(Get Free Report)

Continental AG, trading on the OTC market under the ticker CTTAY, is a global technology company renowned for its wide range of automotive and industrial products. The company’s core businesses include the design, development, and manufacturing of tires for passenger cars, commercial trucks, and specialty applications, as well as advanced automotive systems such as braking solutions, vehicle stability controls, sensors and electronic safety devices.

Founded in 1871 and headquartered in Hanover, Germany, Continental began as a rubber manufacturer before pioneering pneumatic tires in the late 19th century.

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