Continental AG (OTCMKTS:CTTAY) Short Interest Update

Key Points

• Continental AG experienced a 40.5% drop in short interest in August, with total shares short decreasing to 48,400 from 81,300 at the end of July.
• The company's stock is currently priced at $8.57 with a market capitalization of $17.13 billion and a price-to-earnings ratio of 9.85.
• Continental reported earnings per share of $0.28 for the last quarter, exceeding analysts' expectations of $0.26, despite revenue slightly missing the consensus forecast.

Continental AG (OTCMKTS:CTTAY - Get Free Report) was the target of a large drop in short interest in the month of August. As of August 15th, there was short interest totaling 48,400 shares, adropof40.5% from the July 31st total of 81,300 shares. Based on an average daily trading volume, of 40,100 shares, the days-to-cover ratio is currently 1.2 days. Based on an average daily trading volume, of 40,100 shares, the days-to-cover ratio is currently 1.2 days.

Continental Stock Up 0.9%

CTTAY stock traded up $0.08 during midday trading on Friday, hitting $8.57. 15,589 shares of the company's stock were exchanged, compared to its average volume of 24,406. The company has a current ratio of 1.18, a quick ratio of 1.03 and a debt-to-equity ratio of 1.14. 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 200-day moving average price of $8.15. The stock has a market capitalization of $17.13 billion, a price-to-earnings ratio of 9.85, a price-to-earnings-growth ratio of 0.69 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 (EPS) for the quarter, topping the consensus estimate of $0.26 by $0.02. Continental had a return on equity of 13.20% and a net margin of 4.54%.The company had revenue of $11.09 billion for the quarter, compared to the consensus estimate of $11.10 billion. On average, analysts anticipate that Continental will post 0.66 EPS for the current year.

Wall Street Analyst Weigh In

Several equities research analysts recently commented on CTTAY shares. Jefferies Financial Group downgraded Continental from a "buy" rating to a "hold" rating in a report on Thursday, May 22nd. Oddo Bhf upgraded Continental to a "neutral" rating in a report on Monday, September 1st. One equities research analyst has rated the stock with a Strong Buy rating, one has issued a Buy rating and three have given a Hold rating to the stock. According to data from MarketBeat.com, the company has a consensus rating of "Moderate Buy".

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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