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

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

Analysts Set New Price Targets

CTTAY has been the subject of several recent research reports. Citigroup restated a “buy” rating on shares of Continental in a research report on Friday, June 12th. Deutsche Bank Aktiengesellschaft reissued a “buy” rating on shares of Continental in a research note on Thursday, July 2nd. Finally, Kepler Capital Markets lowered shares of Continental from a “strong-buy” rating to a “hold” rating in a research note on Monday, July 6th. Three equities research analysts have rated the stock with a Buy rating and six have issued a Hold rating to the company’s stock. Based on data from MarketBeat.com, the company currently has a consensus rating of “Hold”.

Continental Stock Up 0.8%

Shares of CTTAY stock opened at $8.02 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 quick ratio of 0.82 and a current ratio of 1.25. The business’s fifty day moving average is $8.20 and its 200-day moving average is $7.95. The stock has a market cap of $16.04 billion, a PE ratio of -50.12, a price-to-earnings-growth ratio of 0.65 and a beta of 1.38.

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

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.