Short Interest in Continental AG (OTCMKTS:CTTAY) Grows By 70.6%

Continental AG (OTCMKTS:CTTAY) was the recipient of a significant increase in short interest during the month of 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. Based on an average daily volume of 81,053 shares, the short-interest ratio is presently 1.2 days. Currently, 0.0% of the company’s shares are short sold.

Wall Street Analyst Weigh In

Several equities analysts have weighed in on CTTAY shares. Citigroup reiterated a “buy” rating on shares of Continental in a report on Friday. Zacks Research raised shares of Continental from a “strong sell” rating to a “hold” rating in a research report 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. Based on data from MarketBeat, Continental currently has an average rating of “Hold”.

Continental Stock Performance

OTCMKTS CTTAY opened at $8.42 on Monday. The firm has a 50 day simple moving average of $7.85 and a 200-day simple moving average of $7.85. The company has a debt-to-equity ratio of 0.89, a quick ratio of 0.82 and a current ratio of 1.25. Continental has a one year low of $6.21 and a one year high of $9.19. The firm has a market cap of $16.83 billion, a price-to-earnings ratio of -52.59, a PEG ratio of 0.67 and a beta of 1.38.

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

About Continental

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.