Continental AG (OTCMKTS:CTTAY) Short Interest Down 40.5% in August

by · The Cerbat Gem

Continental AG (OTCMKTS:CTTAY – Get Free Report) saw a large decrease in short interest in August. As of August 15th, there was short interest totaling 48,400 shares, adecreaseof40.5% from the July 31st total of 81,300 shares. Based on an average trading volume of 40,100 shares, the days-to-cover ratio is currently 1.2 days. Based on an average trading volume of 40,100 shares, the days-to-cover ratio is currently 1.2 days.

Wall Street Analysts Forecast Growth

A number of brokerages recently commented on CTTAY. Oddo Bhf raised Continental to a “neutral” rating in a research note on Monday, September 1st. Jefferies Financial Group downgraded Continental from a “buy” rating to a “hold” rating in a report on Thursday, May 22nd. One analyst has rated the stock with a Strong Buy rating, one has assigned a Buy rating and three have issued a Hold rating to the company. According to MarketBeat, the company presently has an average rating of “Moderate Buy”.

View Our Latest Stock Analysis on CTTAY

Continental Stock Performance

Shares of CTTAY stock traded up $0.14 during mid-day trading on Monday, reaching $8.71. 58,411 shares of the company’s stock traded hands, compared to its average volume of 151,668. Continental has a 12 month low of $5.64 and a 12 month high of $9.19. The firm has a 50 day moving average price of $8.79 and a two-hundred day moving average price of $8.16. The company has a debt-to-equity ratio of 1.14, a quick ratio of 1.03 and a current ratio of 1.18. The firm has a market capitalization of $17.42 billion, a PE ratio of 10.01, a price-to-earnings-growth ratio of 0.69 and a beta of 1.37.

Continental (OTCMKTS:CTTAY – Get Free Report) last released its earnings results on Tuesday, August 5th. The company reported $0.28 earnings per share for the quarter, beating analysts’ consensus estimates of $0.26 by $0.02. The company had revenue of $11.09 billion for the quarter, compared to analysts’ expectations of $11.10 billion. Continental had a net margin of 4.54% and a return on equity of 13.20%. On average, research analysts forecast that Continental will post 0.66 EPS for the current year.

About Continental

(Get Free Report)

Continental Aktiengesellschaft, a technology company, offers intelligent solutions for vehicles, machines, traffic, and transportation worldwide. It operates through four sectors: Automotive, Tires, ContiTech, and Contract Manufacturing. The company offers safety, brake, chassis, motion, and motion control systems; solutions for assisted and automated driving; display and operating technologies; and audio and camera solutions for the vehicle interior, as well as intelligent information and communication technology solutions.

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