Continental AG (OTCMKTS:CTTAY) Short Interest Up 92.6% in May

Continental AG (OTCMKTS:CTTAY) saw a significant increase in short interest in the month of May. As of May 15th, there was short interest totaling 57,807 shares, an increase of 92.6% from the April 30th total of 30,016 shares. Approximately 0.0% of the company’s shares are sold short. Based on an average trading volume of 96,526 shares, the days-to-cover ratio is currently 0.6 days.

Continental Trading Down 0.1%

Shares of Continental stock opened at $8.31 on Tuesday. The stock has a fifty day simple moving average of $7.63 and a 200 day simple moving average of $7.80. Continental has a 12-month low of $6.21 and a 12-month high of $9.19. The company has a market capitalization of $16.62 billion, a P/E ratio of -51.94, a price-to-earnings-growth ratio of 0.66 and a beta of 1.36. The company has a current ratio of 1.28, a quick ratio of 0.87 and a debt-to-equity ratio of 1.14.

Continental (OTCMKTS:CTTAY) last posted its quarterly earnings data on Wednesday, May 6th. The company reported $0.11 earnings per share for the quarter, missing the consensus estimate of $0.17 by ($0.06). Continental had a negative return on equity of 4.93% and a net margin of 0.19%.The business had revenue of $5.14 billion during the quarter, compared to analysts’ expectations of $5.07 billion. On average, sell-side analysts anticipate that Continental will post 0.81 earnings per share for the current fiscal year.

Wall Street Analysts Forecast Growth

A number of equities research analysts have weighed in on the company. Zacks Research raised Continental from a “strong sell” rating to a “hold” rating in a research note on Monday, March 9th. Citigroup reaffirmed a “buy” rating on shares of Continental in a research report on Tuesday, February 3rd. Three research analysts have rated the stock with a Buy rating and five have assigned a Hold rating to the company. Based on data from MarketBeat.com, the stock has an average 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.