Continental AG (OTCMKTS:CTTAY) Shares Shorted: Short Interest Up 118.4% in September

Continental AG (OTCMKTS:CTTAY) saw a significant increase in short interest during the month of September. As of September 30th, there was short interest totaling 86,252 shares, an increase of 118.4% from the September 15th total of 39,496 shares. Based on an average daily trading volume, of 99,921 shares, the days-to-cover ratio is presently 0.9 days. Approximately 0.0% of the shares of the company are sold short.

Continental Stock Performance

Continental stock traded up $0.07 on Thursday, hitting $7.89. The company’s stock had a trading volume of 15,493 shares, compared to its average volume of 62,910. The firm has a market cap of $15.78 billion, a P/E ratio of -26.30, a price-to-earnings-growth ratio of 1.07 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. The company has a fifty day moving average price of $7.95 and a 200-day moving average price of $7.97. Continental has a one year low of $6.31 and a one year high of $8.97.

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

Wall Street Analyst Weigh In

A number of analysts have weighed in on the stock. Deutsche Bank Aktiengesellschaft reissued a “buy” rating on shares of Continental in a report on Thursday, July 2nd. Oddo Bhf raised shares of Continental from a “neutral” rating to an “outperform” rating in a research report on Thursday, September 3rd. Kepler Capital Markets cut shares of Continental from a “strong-buy” rating to a “hold” rating in a research note on Monday, July 6th. Finally, Sanford C. Bernstein raised Continental from a “market perform” rating to an “outperform” rating in a research report on Thursday, October 8th. Five investment analysts have rated the stock with a Buy rating and four have assigned a Hold rating to the company’s stock. According to data from MarketBeat, the company has a consensus rating of “Moderate Buy”.

Continental Company Profile

Continental AG is a Germany-based technology and automotive supplier headquartered in Hanover. Founded in 1871 as a rubber manufacturer, the company has developed into a global provider of products and systems for vehicles, transportation, and industrial applications.

Its business activities include the development and production of passenger-car, commercial-vehicle, and specialty tires, as well as automotive technologies such as braking systems, vehicle safety systems, sensors, electronics, connectivity solutions, and software.