Short Interest in Continental AG (OTCMKTS:CTTAY) Expands By 52.1%

Continental AG (OTCMKTS:CTTAY) saw a significant growth in short interest in 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 currently 0.6 days. Approximately 0.0% of the company’s stock are short sold.

Continental Price Performance

CTTAY opened at $7.93 on Tuesday. Continental has a 1 year low of $6.21 and a 1 year high of $9.05. The company has a debt-to-equity ratio of 0.89, a current ratio of 1.25 and a quick ratio of 0.82. The company has a market capitalization of $15.86 billion, a price-to-earnings ratio of -26.43, a P/E/G ratio of 1.09 and a beta of 1.39. The firm’s fifty day moving average price is $8.19 and its two-hundred day moving average price is $7.97.

Continental (OTCMKTS:CTTAY) last released its quarterly earnings data on Tuesday, August 4th. The company reported $0.14 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.16 by ($0.02). Continental had a negative net margin of 1.36% and a negative return on equity of 10.93%. The company had revenue of $5.09 billion for the quarter, compared to the consensus estimate of $5.03 billion. As a group, analysts anticipate that Continental will post 0.67 earnings per share for the current fiscal year.

Analyst Ratings Changes

Several research firms recently issued reports on CTTAY. Kepler Capital Markets downgraded shares of Continental from a “strong-buy” rating to a “hold” rating in a research report on Monday, July 6th. Citigroup reissued a “buy” rating on shares of Continental in a research report on Friday, June 12th. Finally, Deutsche Bank Aktiengesellschaft reaffirmed a “buy” rating on shares of Continental in a research report on Thursday, July 2nd. Three analysts have rated the stock with a Buy rating and six have assigned a Hold rating to the company. Based on data from MarketBeat.com, the company presently has an average rating of “Hold”.

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.