Continental AG (OTCMKTS:CTTAY) Short Interest Up 331.2% in July

Continental AG (OTCMKTS:CTTAY) was the recipient of a significant increase in short interest during the month of July. As of July 15th, there was short interest totaling 28,725 shares, an increase of 331.2% from the June 30th total of 6,662 shares. Based on an average daily volume of 257,359 shares, the short-interest ratio is presently 0.1 days. Approximately 0.0% of the shares of the stock are short sold.

Continental Price Performance

CTTAY opened at $7.96 on Monday. Continental has a 12 month low of $6.21 and a 12 month high of $9.07. The company has a current ratio of 1.25, a quick ratio of 0.82 and a debt-to-equity ratio of 0.89. The business’s 50-day moving average price is $8.20 and its 200-day moving average price is $7.95. The company has a market cap of $15.92 billion, a P/E ratio of -49.75, a P/E/G ratio of 0.65 and a beta of 1.38.

Continental (OTCMKTS:CTTAY) last posted its quarterly earnings results on Wednesday, May 6th. The company reported $0.11 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.17 by ($0.06). Continental had a negative return on equity of 4.89% and a net margin of 0.19%.The company had revenue of $5.14 billion for the quarter, compared to the consensus estimate of $5.07 billion. On average, equities analysts expect that Continental will post 0.8 EPS for the current year.

Analyst Upgrades and Downgrades

Several equities analysts have recently commented on the company. Citigroup reiterated a “buy” rating on shares of Continental in a research report on Friday, June 12th. Kepler Capital Markets lowered Continental from a “strong-buy” rating to a “hold” rating in a research note on Monday, July 6th. Finally, Deutsche Bank Aktiengesellschaft reiterated 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 given a Hold rating to the company. Based on data from MarketBeat, the stock 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.