Continental Aktiengesellschaft (OTCMKTS:CTTAY) Sees Large Growth in Short Interest

Continental Aktiengesellschaft (OTCMKTS:CTTAY) saw a significant growth in short interest in November. As of November 15th, there was short interest totalling 45,800 shares, a growth of 638.7% from the October 31st total of 6,200 shares. Based on an average daily trading volume, of 233,300 shares, the short-interest ratio is currently 0.2 days.

Continental Aktiengesellschaft Trading Down 0.9 %

Shares of Continental Aktiengesellschaft stock traded down $0.06 during trading on Wednesday, hitting $6.44. The stock had a trading volume of 224,085 shares, compared to its average volume of 112,505. The company has a quick ratio of 0.77, a current ratio of 1.20 and a debt-to-equity ratio of 0.30. The company has a market capitalization of $12.88 billion, a PE ratio of 11.93, a P/E/G ratio of 0.40 and a beta of 1.57. Continental Aktiengesellschaft has a 1 year low of $5.56 and a 1 year high of $8.51. The stock has a 50 day simple moving average of $6.29 and a 200 day simple moving average of $6.32.

Analysts Set New Price Targets

Separately, UBS Group raised Continental Aktiengesellschaft from a “hold” rating to a “strong-buy” rating in a research note on Friday, November 15th.

About Continental Aktiengesellschaft

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.