Continental AG (OTCMKTS:CTTAY) Short Interest Down 66.5% in August

Continental AG (OTCMKTS:CTTAY) was the recipient of a large decline in short interest during the month of August. As of August 31st, there was short interest totaling 28,847 shares, a decline of 66.5% from the August 15th total of 86,037 shares. Based on an average daily trading volume, of 50,960 shares, the short-interest ratio is presently 0.6 days. Approximately 0.0% of the company’s stock are short sold.

Continental Stock Performance

CTTAY opened at $8.10 on Friday. The company has a market cap of $16.20 billion, a P/E ratio of -27.00, a price-to-earnings-growth ratio of 1.11 and a beta of 1.39. The company has a quick ratio of 0.82, a current ratio of 1.38 and a debt-to-equity ratio of 0.94. The firm’s 50-day moving average price is $8.08 and its 200-day moving average price is $7.92. Continental has a 52-week low of $6.21 and a 52-week high of $9.00.

Continental (OTCMKTS:CTTAY) last released its earnings results on Tuesday, August 4th. The company reported $0.14 EPS 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 return on equity of 10.86% and a negative net margin of 1.36%. As a group, equities analysts anticipate that Continental will post 0.67 EPS for the current fiscal year.

Analysts Set New Price Targets

A number of equities research analysts recently commented on the stock. Deutsche Bank Aktiengesellschaft reissued a “buy” rating on shares of Continental in a research report on Thursday, July 2nd. Kepler Capital Markets downgraded Continental from a “strong-buy” rating to a “hold” rating in a research report on Monday, July 6th. Oddo Bhf upgraded Continental from a “neutral” rating to an “outperform” rating in a report on Thursday, September 3rd. Finally, Citigroup reissued a “buy” rating on shares of Continental in a research report on Friday, June 12th. Four 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.com, the stock currently has a consensus rating of “Hold”.

Continental Company Profile

Continental AG is a Germany-based technology company that develops products and systems for the automotive and transportation industries. Its activities include vehicle electronics, advanced driver assistance and automated driving technologies, software, connectivity solutions, braking systems, sensors, and other components designed to support vehicle safety, efficiency, and performance.

Through its Tires business, Continental manufactures passenger-car, commercial-vehicle, specialty, and two-wheel tires, along with related services and digital tire-management solutions.