Continental AG (OTCMKTS:CTTAY) Short Interest Up 92.6% in May

Continental AG (OTCMKTS:CTTAY) was the recipient of a large increase in short interest in the month of May. As of May 15th, there was short interest totaling 57,807 shares, an increase of 92.6% from the April 30th total of 30,016 shares. Approximately 0.0% of the company’s shares are sold short. Based on an average daily trading volume, of 96,526 shares, the days-to-cover ratio is presently 0.6 days.

Wall Street Analyst Weigh In

Several analysts have recently commented on CTTAY shares. Citigroup reaffirmed a “buy” rating on shares of Continental in a research report on Tuesday, February 3rd. Zacks Research raised shares of Continental from a “strong sell” rating to a “hold” rating in a research report on Monday, March 9th. Three research analysts have rated the stock with a Buy rating and five have assigned a Hold rating to the company. According to data from MarketBeat, the company has a consensus rating of “Hold”.

Continental Stock Performance

OTCMKTS:CTTAY opened at $8.51 on Wednesday. The company has a fifty day simple moving average of $7.63 and a two-hundred day simple moving average of $7.80. The company has a market cap of $17.01 billion, a price-to-earnings ratio of -53.16, a price-to-earnings-growth ratio of 0.66 and a beta of 1.38. The company has a quick ratio of 0.87, a current ratio of 1.28 and a debt-to-equity ratio of 1.14. Continental has a 52 week low of $6.21 and a 52 week high of $9.19.

Continental (OTCMKTS:CTTAY) last issued its earnings results on Wednesday, May 6th. The company reported $0.11 EPS for the quarter, missing analysts’ consensus estimates of $0.17 by ($0.06). Continental had a negative return on equity of 4.93% and a net margin of 0.19%.The firm had revenue of $5.14 billion for the quarter, compared to analyst estimates of $5.07 billion. As a group, equities analysts anticipate that Continental will post 0.81 earnings per share for the current fiscal year.

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.