Continental AG (OTCMKTS:CTTAY) Sees Large Growth in Short Interest

Continental AG (OTCMKTS:CTTAY) saw a large increase in short interest in August. As of August 14th, there was short interest totaling 86,037 shares, an increase of 97.0% from the July 30th total of 43,678 shares. Based on an average daily volume of 56,252 shares, the short-interest ratio is presently 1.5 days. Approximately 0.0% of the company’s shares are sold short.

Continental Stock Performance

Shares of CTTAY stock opened at $8.03 on Friday. Continental has a 52 week low of $6.21 and a 52 week high of $9.00. The firm’s 50-day simple moving average is $8.13 and its two-hundred day simple moving average is $7.95. The firm has a market cap of $16.06 billion, a price-to-earnings ratio of -26.77, a P/E/G ratio of 1.10 and a beta of 1.39. The company has a debt-to-equity ratio of 0.89, a quick ratio of 0.82 and a current ratio of 1.25.

Continental (OTCMKTS:CTTAY) last announced its quarterly earnings data on Tuesday, August 4th. The company reported $0.14 earnings per share for the quarter, missing the consensus estimate of $0.16 by ($0.02). The firm had revenue of $5.09 billion for the quarter, compared to the consensus estimate of $5.03 billion. Continental had a negative net margin of 1.36% and a negative return on equity of 10.93%. As a group, equities analysts forecast that Continental will post 0.67 earnings per share for the current year.

Analyst Ratings Changes

Several equities research analysts have weighed in on CTTAY shares. Deutsche Bank Aktiengesellschaft reaffirmed a “buy” rating on shares of Continental in a research note on Thursday, July 2nd. Kepler Capital Markets cut shares of Continental from a “strong-buy” rating to a “hold” rating in a report on Monday, July 6th. Finally, Citigroup reissued a “buy” rating on shares of Continental in a report on Friday, June 12th. Three investment analysts have rated the stock with a Buy rating and six have issued a Hold rating to the company’s stock. According to data from MarketBeat.com, Continental presently has a consensus rating of “Hold”.

Continental Company Profile

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.