Continental AG (OTCMKTS:CTTAY) Short Interest Up 92.6% in May

Continental AG (OTCMKTS:CTTAY) saw a significant growth in short interest in the month of May. As of May 15th, there was short interest totaling 57,807 shares, a growth of 92.6% from the April 30th total of 30,016 shares. Based on an average daily volume of 96,526 shares, the short-interest ratio is currently 0.6 days. Currently, 0.0% of the shares of the stock are short sold.

Continental Stock Down 0.1%

Shares of OTCMKTS CTTAY opened at $8.31 on Tuesday. The company has a 50 day simple moving average of $7.63 and a 200 day simple moving average of $7.80. The company has a debt-to-equity ratio of 1.14, a current ratio of 1.28 and a quick ratio of 0.87. The firm has a market cap of $16.62 billion, a PE ratio of -51.94, a price-to-earnings-growth ratio of 0.66 and a beta of 1.36. Continental has a 1 year low of $6.21 and a 1 year high of $9.19.

Continental (OTCMKTS:CTTAY) last posted its quarterly earnings data on Wednesday, May 6th. The company reported $0.11 EPS for the quarter, missing analysts’ consensus estimates of $0.17 by ($0.06). The company had revenue of $5.14 billion during the quarter, compared to analyst estimates of $5.07 billion. Continental had a negative return on equity of 4.93% and a net margin of 0.19%. On average, research analysts forecast that Continental will post 0.81 EPS for the current year.

Analysts Set New Price Targets

A number of brokerages recently commented on CTTAY. Zacks Research upgraded Continental from a “strong sell” rating to a “hold” rating in a research report on Monday, March 9th. Citigroup restated a “buy” rating on shares of Continental in a research report on Tuesday, February 3rd. Three analysts have rated the stock with a Buy rating and five have given a Hold rating to the company’s stock. According to MarketBeat.com, the stock currently has a consensus rating of “Hold”.

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.