Continental AG (OTCMKTS:CTTAY) Stock Short Interest Falls 37.1%

Continental AG (OTCMKTS:CTTAY) was the recipient of a significant decrease in short interest in October. As of October 15th, there was short interest totaling 54,276 shares, a decrease of 37.1% from the September 30th total of 86,252 shares. Based on an average daily trading volume, of 102,024 shares, the short-interest ratio is presently 0.5 days. Currently, 0.0% of the shares of the company are sold short.

Continental Price Performance

OTCMKTS:CTTAY traded up $0.18 during trading hours on Monday, reaching $7.62. 16,164 shares of the company were exchanged, compared to its average volume of 62,409. The company has a current ratio of 1.38, a quick ratio of 1.06 and a debt-to-equity ratio of 0.94. The stock’s 50-day moving average is $7.88 and its 200-day moving average is $7.93. The firm has a market cap of $15.25 billion, a PE ratio of -25.41, a price-to-earnings-growth ratio of 1.02 and a beta of 1.35. Continental has a twelve month low of $6.61 and a twelve month high of $8.97.

Continental (OTCMKTS:CTTAY) last released its earnings results 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). Continental had a negative net margin of 1.36% and a negative return on equity of 10.86%. The firm had revenue of $5.09 billion during the quarter, compared to analysts’ expectations of $5.03 billion. On average, sell-side analysts anticipate that Continental will post 0.67 earnings per share for the current fiscal year.

Wall Street Analysts Forecast Growth

Several research firms recently commented on CTTAY. Kepler Capital Markets lowered shares of Continental from a “strong-buy” rating to a “hold” rating in a research report on Monday, July 6th. Oddo Bhf upgraded shares of Continental from a “neutral” rating to an “outperform” rating in a research report on Thursday, September 3rd. Finally, Sanford C. Bernstein raised shares of Continental from a “market perform” rating to an “outperform” rating in a research note on Thursday, October 8th. Five investment analysts have rated the stock with a Buy rating and four have issued a Hold rating to the stock. According to MarketBeat.com, Continental presently has an average rating of “Moderate Buy”.

About Continental

Continental AG is a Germany-based technology and automotive supplier whose products and services support vehicle manufacturers, commercial transportation companies and industrial customers. The company develops vehicle systems and components, tires, and products made from rubber and other technical materials.

Its automotive activities include electronic systems, safety and motion-control technologies, software, displays, sensors and other components used in passenger vehicles and commercial vehicles.