Continental AG (OTCMKTS:CTTAY) Short Interest Update

Continental AG (OTCMKTS:CTTAY) saw a large decline in short interest in June. As of June 30th, there was short interest totaling 6,662 shares, a decline of 93.0% from the June 15th total of 94,768 shares. Based on an average daily trading volume, of 104,360 shares, the short-interest ratio is currently 0.1 days. Currently, 0.0% of the shares of the stock are sold short.

Continental Stock Up 0.9%

Shares of Continental stock traded up $0.07 during trading on Friday, reaching $8.29. The company had a trading volume of 19,888 shares, compared to its average volume of 81,768. 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 company has a market cap of $16.58 billion, a price-to-earnings ratio of -51.81, a price-to-earnings-growth ratio of 0.67 and a beta of 1.38. Continental has a fifty-two week low of $6.21 and a fifty-two week high of $9.16. The firm’s fifty day moving average is $8.17 and its 200-day moving average is $7.94.

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). Continental had a net margin of 0.19% and a negative return on equity of 4.89%. The company had revenue of $5.14 billion for the quarter, compared to analyst estimates of $5.07 billion. On average, analysts anticipate that Continental will post 0.8 EPS for the current year.

Analyst Upgrades and Downgrades

Several research firms recently commented on CTTAY. Kepler Capital Markets downgraded shares of Continental from a “strong-buy” rating to a “hold” rating in a research report on Monday, July 6th. Deutsche Bank Aktiengesellschaft reaffirmed a “buy” rating on shares of Continental in a report on Thursday, July 2nd. Finally, Citigroup reiterated a “buy” rating on shares of Continental in a report on Friday, June 12th. Three investment analysts have rated the stock with a Buy rating and six have given a Hold rating to the company. According to data from MarketBeat.com, the company 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.