Continental AG (OTCMKTS:CTTAY) Short Interest Down 66.5% in August

Continental AG (OTCMKTS:CTTAY) was the target of a significant drop in short interest in August. As of August 31st, there was short interest totaling 28,847 shares, a drop of 66.5% from the August 15th total of 86,037 shares. Currently, 0.0% of the shares of the stock are sold short. Based on an average daily volume of 50,960 shares, the short-interest ratio is presently 0.6 days.

Analyst Ratings Changes

Several brokerages have recently issued reports on CTTAY. Citigroup reaffirmed a “buy” rating on shares of Continental in a research note on Friday, June 12th. Oddo Bhf upgraded Continental from a “neutral” rating to an “outperform” rating in a report on Thursday, September 3rd. Kepler Capital Markets lowered Continental from a “strong-buy” rating to a “hold” rating in a research report on Monday, July 6th. Finally, Deutsche Bank Aktiengesellschaft reaffirmed a “buy” rating on shares of Continental in a research note on Thursday, July 2nd. Four investment analysts have rated the stock with a Buy rating and five have given a Hold rating to the stock. According to data from MarketBeat.com, the stock has an average rating of “Hold”.

Continental Price Performance

Shares of OTCMKTS CTTAY opened at $8.10 on Monday. Continental has a fifty-two week low of $6.21 and a fifty-two week high of $9.00. The stock has a market capitalization of $16.20 billion, a price-to-earnings ratio of -27.00, a PEG ratio of 1.11 and a beta of 1.39. The company has a debt-to-equity ratio of 0.94, a current ratio of 1.38 and a quick ratio of 1.06. The business has a 50-day moving average of $8.08 and a 200-day moving average of $7.91.

Continental (OTCMKTS:CTTAY) last announced 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 return on equity of 10.86% and a negative net margin of 1.36%.The company had revenue of $5.09 billion for the quarter, compared to the consensus estimate of $5.03 billion. As a group, sell-side analysts predict that Continental will post 0.67 earnings per share for the current fiscal year.

About Continental

Continental AG is a Germany-based technology company that develops products and systems for the automotive and transportation industries. Its activities include vehicle electronics, advanced driver assistance and automated driving technologies, software, connectivity solutions, braking systems, sensors, and other components designed to support vehicle safety, efficiency, and performance.

Through its Tires business, Continental manufactures passenger-car, commercial-vehicle, specialty, and two-wheel tires, along with related services and digital tire-management solutions.