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

Continental AG (OTCMKTS:CTTAY) 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”.

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) 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

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.