Continental AG (OTCMKTS:CTTAY) Sees Large Decrease in Short Interest

Continental AG (OTCMKTS:CTTAY) saw a significant drop in short interest in the month of October. As of October 15th, there was short interest totaling 54,276 shares, a drop of 37.1% from the September 30th total of 86,252 shares. Currently, 0.0% of the shares of the company are short sold. Based on an average daily volume of 102,024 shares, the short-interest ratio is presently 0.5 days.

Analyst Ratings Changes

Several research firms recently issued reports on CTTAY. Oddo Bhf upgraded Continental from a “neutral” rating to an “outperform” rating in a research note on Thursday, September 3rd. Sanford C. Bernstein upgraded Continental from a “market perform” rating to an “outperform” rating in a research report on Thursday, October 8th. Finally, Kepler Capital Markets downgraded Continental from a “strong-buy” rating to a “hold” rating in a report on Monday, July 6th. Five equities research analysts have rated the stock with a Buy rating and four have assigned a Hold rating to the company. Based on data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy”.

Continental Stock Performance

OTCMKTS CTTAY opened at $7.62 on Tuesday. The firm has a 50-day moving average price of $7.88 and a two-hundred day moving average price of $7.93. Continental has a 12-month low of $6.61 and a 12-month high of $8.97. The company has a market capitalization of $15.24 billion, a P/E ratio of 107.29, a P/E/G ratio of 1.03 and a beta of 1.35. The company has a quick ratio of 1.06, a current ratio of 1.38 and a debt-to-equity ratio of 0.94.

Continental (OTCMKTS:CTTAY) last announced its earnings results on Tuesday, August 4th. The company reported $0.14 EPS for the quarter, missing the consensus estimate of $0.16 by ($0.02). Continental had a negative return on equity of 10.86% and a negative net margin of 1.36%. The business had revenue of $5.09 billion for the quarter, compared to the consensus estimate of $5.03 billion. Analysts anticipate that Continental will post 0.67 earnings per share for the current year.

About Continental

Continental AG is a Germany-based technology and automotive supplier whose products and services support vehicle manufacturers, commercial transportation companies and industrial customers. The company develops vehicle systems and components, tires, and products made from rubber and other technical materials.

Its automotive activities include electronic systems, safety and motion-control technologies, software, displays, sensors and other components used in passenger vehicles and commercial vehicles.