Short Interest in Continental Aktiengesellschaft (OTCMKTS:CTTAY) Increases By 54.7%

Continental Aktiengesellschaft (OTCMKTS:CTTAY) was the target of a significant growth in short interest during the month of June. As of June 15th, there was short interest totalling 66,500 shares, a growth of 54.7% from the May 31st total of 43,000 shares. Based on an average daily volume of 287,400 shares, the short-interest ratio is presently 0.2 days.

Analyst Upgrades and Downgrades

Separately, Sanford C. Bernstein raised shares of Continental Aktiengesellschaft to a “strong sell” rating in a report on Wednesday, June 19th. One equities research analyst has rated the stock with a sell rating, one has assigned a hold rating and four have issued a buy rating to the company’s stock. According to data from MarketBeat, Continental Aktiengesellschaft currently has a consensus rating of “Moderate Buy”.

Continental Aktiengesellschaft Stock Performance

Shares of OTCMKTS:CTTAY traded down $0.03 on Friday, hitting $5.62. 152,036 shares of the company were exchanged, compared to its average volume of 100,220. The company has a debt-to-equity ratio of 0.32, a quick ratio of 0.81 and a current ratio of 1.24. The company’s 50 day moving average price is $6.47 and its two-hundred day moving average price is $7.33. Continental Aktiengesellschaft has a one year low of $5.61 and a one year high of $8.51. The firm has a market capitalization of $11.24 billion, a price-to-earnings ratio of 14.87, a PEG ratio of 0.30 and a beta of 1.61.

Continental Aktiengesellschaft (OTCMKTS:CTTAY) last announced its earnings results on Wednesday, May 8th. The company reported ($0.03) earnings per share (EPS) for the quarter. The company had revenue of $10.63 billion for the quarter. Continental Aktiengesellschaft had a return on equity of 5.06% and a net margin of 1.76%. Research analysts expect that Continental Aktiengesellschaft will post 0.75 earnings per share for the current year.

Continental Aktiengesellschaft Increases Dividend

The firm also recently declared a dividend, which was paid on Thursday, May 9th. Investors of record on Tuesday, April 30th were paid a dividend of $0.1568 per share. This is an increase from Continental Aktiengesellschaft’s previous dividend of $0.11. The ex-dividend date of this dividend was Monday, April 29th. Continental Aktiengesellschaft’s payout ratio is 39.47%.

Continental Aktiengesellschaft Company Profile

Continental Aktiengesellschaft, a technology company, offers intelligent solutions for vehicles, machines, traffic, and transportation worldwide. It operates through four sectors: Automotive, Tires, ContiTech, and Contract Manufacturing. The company offers safety, brake, chassis, motion, and motion control systems; solutions for assisted and automated driving; display and operating technologies; and audio and camera solutions for the vehicle interior, as well as intelligent information and communication technology solutions.