Continental AG (OTCMKTS:CTTAY) Short Interest Update

Continental AG (OTCMKTS:CTTAY) was the target of a significant growth in short interest during the month of July. As of July 31st, there was short interest totaling 43,678 shares, a growth of 52.1% from the July 15th total of 28,725 shares. Based on an average daily volume of 73,964 shares, the days-to-cover ratio is presently 0.6 days. Currently, 0.0% of the shares of the stock are sold short.

Analyst Ratings Changes

Several equities research analysts have weighed in on the company. Kepler Capital Markets cut Continental from a “strong-buy” rating to a “hold” rating in a research note on Monday, July 6th. Citigroup reiterated a “buy” rating on shares of Continental in a report on Friday, June 12th. Finally, Deutsche Bank Aktiengesellschaft reissued a “buy” rating on shares of Continental in a research report on Thursday, July 2nd. Three equities research analysts have rated the stock with a Buy rating and six have issued a Hold rating to the stock. According to MarketBeat, the stock currently has a consensus rating of “Hold”.

Continental Stock Down 1.5%

Shares of OTCMKTS CTTAY opened at $7.81 on Wednesday. Continental has a 1 year low of $6.21 and a 1 year high of $9.05. The firm has a 50-day simple moving average of $8.18 and a two-hundred day simple moving average of $7.96. The company has a market cap of $15.62 billion, a P/E ratio of -26.03, a PEG ratio of 1.09 and a beta of 1.39. The company has a debt-to-equity ratio of 0.89, a current ratio of 1.25 and a quick ratio of 0.82.

Continental (OTCMKTS:CTTAY) last issued its quarterly 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 return on equity of 10.93% and a negative net margin of 1.36%.The business had revenue of $5.09 billion during the quarter, compared to analysts’ expectations of $5.03 billion. Research analysts anticipate that Continental will post 0.67 earnings per share for the current 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.