Continental AG (OTCMKTS:CTTAY) Short Interest Down 81.0% in September

Key Points

• Continental AG experienced a substantial reduction in short interest in September, decreasing by 81.0% to 9,100 shares from 47,900 shares in August.
• Wall Street analysts generally maintain a positive outlook, with a consensus rating of "Moderate Buy" and several analysts issuing upgraded ratings for the stock.
• Continental recently reported quarterly earnings of $0.28 per share, surpassing analysts' expectations of $0.26, and generated $11.09 billion in revenue for the quarter.

Continental AG (OTCMKTS:CTTAY - Get Free Report) was the target of a large decrease in short interest in September. As of September 15th, there was short interest totaling 9,100 shares, a decrease of 81.0% from the August 31st total of 47,900 shares. Based on an average daily volume of 103,200 shares, the days-to-cover ratio is presently 0.1 days. Based on an average daily volume of 103,200 shares, the days-to-cover ratio is presently 0.1 days.

Wall Street Analysts Forecast Growth

A number of equities analysts recently issued reports on CTTAY shares. Barclays reiterated an "overweight" rating on shares of Continental in a research report on Monday, September 8th. Oddo Bhf upgraded shares of Continental to a "neutral" rating in a research report on Monday, September 1st. One research analyst has rated the stock with a Strong Buy rating, two have given a Buy rating and three have assigned a Hold rating to the company's stock. According to MarketBeat, Continental has a consensus rating of "Moderate Buy".

Continental Trading Down 0.9%

CTTAY opened at $6.63 on Wednesday. Continental has a twelve month low of $5.84 and a twelve month high of $9.19. The company has a quick ratio of 1.03, a current ratio of 1.18 and a debt-to-equity ratio of 1.14. The company has a fifty day moving average of $8.47 and a 200-day moving average of $8.24. The stock has a market cap of $13.26 billion, a PE ratio of 7.62, a price-to-earnings-growth ratio of 0.75 and a beta of 1.37.

Continental (OTCMKTS:CTTAY - Get Free Report) last posted its quarterly earnings data on Tuesday, August 5th. The company reported $0.28 earnings per share for the quarter, topping the consensus estimate of $0.26 by $0.02. Continental had a net margin of 4.54% and a return on equity of 13.20%. The company had revenue of $11.09 billion during the quarter, compared to analysts' expectations of $11.10 billion. On average, sell-side analysts predict 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.

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