Continental AG (OTCMKTS:CTTAY) Short Interest Up 70.6% in May

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

Wall Street Analyst Weigh In

A number of equities analysts have commented on the stock. Citigroup restated a “buy” rating on shares of Continental in a research note on Friday. Zacks Research raised Continental from a “strong sell” rating to a “hold” rating in a research note on Monday, March 9th. Three equities research analysts have rated the stock with a Buy rating and five have given a Hold rating to the company’s stock. According to MarketBeat, Continental has an average rating of “Hold”.

Continental Stock Up 0.5%

Shares of CTTAY traded up $0.04 during mid-day trading on Tuesday, hitting $8.58. The company’s stock had a trading volume of 25,139 shares, compared to its average volume of 71,096. The company has a current ratio of 1.25, a quick ratio of 0.82 and a debt-to-equity ratio of 0.89. The company’s 50-day moving average is $7.87 and its 200-day moving average is $7.86. Continental has a 52-week low of $6.21 and a 52-week high of $9.19. The firm has a market capitalization of $17.16 billion, a price-to-earnings ratio of -53.63, a PEG ratio of 0.67 and a beta of 1.38.

Continental (OTCMKTS:CTTAY) last issued its quarterly earnings data on Wednesday, May 6th. The company reported $0.11 EPS for the quarter, missing analysts’ consensus estimates of $0.17 by ($0.06). The business had revenue of $5.14 billion during the quarter, compared to the consensus estimate of $5.07 billion. Continental had a negative return on equity of 4.89% and a net margin of 0.19%. On average, equities research analysts forecast that Continental will post 0.81 EPS 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.