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

Continental AG (OTCMKTS:CTTAY) saw a large increase in short interest in May. As of May 29th, there was short interest totaling 98,598 shares, an increase of 70.6% from the May 14th total of 57,807 shares. Currently, 0.0% of the company’s stock are sold short. Based on an average trading volume of 81,053 shares, the short-interest ratio is presently 1.2 days.

Continental Trading Up 0.5%

OTCMKTS CTTAY opened at $8.58 on Wednesday. Continental has a one year low of $6.21 and a one year high of $9.19. The company has a 50-day simple moving average of $7.90 and a 200-day simple moving average of $7.86. The company has a debt-to-equity ratio of 0.89, a quick ratio of 0.82 and a current ratio of 1.25. The firm has a market capitalization of $17.16 billion, a PE ratio of -53.63, a price-to-earnings-growth ratio of 0.68 and a beta of 1.38.

Continental (OTCMKTS:CTTAY) last posted its quarterly earnings results on Wednesday, May 6th. The company reported $0.11 EPS for the quarter, missing the consensus estimate of $0.17 by ($0.06). The business 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, equities analysts forecast that Continental will post 0.81 earnings per share for the current year.

Analysts Set New Price Targets

Several research analysts have recently commented on CTTAY shares. Zacks Research raised shares of Continental from a “strong sell” rating to a “hold” rating in a report on Monday, March 9th. Citigroup reaffirmed a “buy” rating on shares of Continental in a report on Friday. Three analysts have rated the stock with a Buy rating and five have issued a Hold rating to the company’s stock. Based on data from MarketBeat.com, the company 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.