Continental AG (OTCMKTS:CTTAY) Stock Short Interest Report for September

Continental AG (OTCMKTS:CTTAY) was the target of a significant increase in short interest in the month of September. As of September 30th, there was short interest totaling 86,252 shares, an increase of 118.4% from the September 15th total of 39,496 shares. Currently, 0.0% of the shares of the stock are sold short. Based on an average trading volume of 99,921 shares, the days-to-cover ratio is currently 0.9 days.

Continental Price Performance

Shares of OTCMKTS CTTAY traded down $0.03 during trading hours on Wednesday, hitting $7.83. 9,606 shares of the stock were exchanged, compared to its average volume of 62,885. The company’s fifty day simple moving average is $7.95 and its two-hundred day simple moving average is $7.96. The company has a market cap of $15.66 billion, a PE ratio of -26.10, a price-to-earnings-growth ratio of 1.06 and a beta of 1.35. Continental has a 1-year low of $6.21 and a 1-year high of $8.97. The company has a debt-to-equity ratio of 0.94, a quick ratio of 1.06 and a current ratio of 1.38.

Continental (OTCMKTS:CTTAY) last posted its quarterly earnings results on Tuesday, August 4th. The company reported $0.14 earnings per share for the quarter, missing analysts’ consensus estimates of $0.16 by ($0.02). The company had revenue of $5.09 billion during the quarter, compared to analyst estimates of $5.03 billion. Continental had a negative net margin of 1.36% and a negative return on equity of 10.86%. On average, sell-side analysts predict that Continental will post 0.67 EPS for the current year.

Wall Street Analysts Forecast Growth

A number of research analysts recently issued reports on the stock. Deutsche Bank Aktiengesellschaft restated a “buy” rating on shares of Continental in a report on Thursday, July 2nd. Oddo Bhf raised shares of Continental from a “neutral” rating to an “outperform” rating in a research note on Thursday, September 3rd. Kepler Capital Markets lowered Continental from a “strong-buy” rating to a “hold” rating in a research report on Monday, July 6th. Finally, Sanford C. Bernstein raised shares of Continental from a “market perform” rating to an “outperform” rating in a research report on Thursday, October 8th. Five investment analysts have rated the stock with a Buy rating and four have issued a Hold rating to the company. Based on data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy”.

About Continental

Continental AG is a Germany-based technology and automotive supplier headquartered in Hanover. Founded in 1871 as a rubber manufacturer, the company has developed into a global provider of products and systems for vehicles, transportation, and industrial applications.

Its business activities include the development and production of passenger-car, commercial-vehicle, and specialty tires, as well as automotive technologies such as braking systems, vehicle safety systems, sensors, electronics, connectivity solutions, and software.