Continental AG (OTCMKTS:CTTAY) Short Interest Update

Key Points

• Short interest in Continental AG rose 52.1% to 43,678 shares as of July 31, though that represents approximately 0.0% of shares outstanding and only 0.6 days to cover.
• Analyst sentiment remains mixed, with three Buy ratings and six Holds, resulting in a consensus rating of Hold.
• Continental reported quarterly EPS of $0.14, missing estimates of $0.16, while revenue of $5.09 billion exceeded the $5.03 billion consensus estimate.

Continental AG (OTCMKTS:CTTAY - Get Free Report) was the target of a large growth in short interest in July. As of July 31st, there was short interest totaling 43,678 shares, a growth of 52.1% from the July 15th total of 28,725 shares. Based on an average daily volume of 73,964 shares, the days-to-cover ratio is currently 0.6 days. Approximately 0.0% of the shares of the company are sold short.

Analysts Set New Price Targets

Several brokerages recently weighed in on CTTAY. Deutsche Bank Aktiengesellschaft restated a "buy" rating on shares of Continental in a research report on Thursday, July 2nd. Kepler Capital Markets downgraded Continental from a "strong-buy" rating to a "hold" rating in a research note on Monday, July 6th. Finally, Citigroup restated a "buy" rating on shares of Continental in a research note on Friday, June 12th. Three equities research analysts have rated the stock with a Buy rating and six have assigned a Hold rating to the stock. According to data from MarketBeat, the stock presently has a consensus rating of "Hold".

Continental Trading Down 0.6%

OTCMKTS CTTAY opened at $7.93 on Tuesday. The company has a current ratio of 1.25, a quick ratio of 0.82 and a debt-to-equity ratio of 0.89. Continental has a 12 month low of $6.21 and a 12 month high of $9.05. The business's 50-day moving average price is $8.19 and its two-hundred day moving average price is $7.97. The firm has a market capitalization of $15.86 billion, a PE ratio of -26.43, a price-to-earnings-growth ratio of 1.09 and a beta of 1.39.

Continental (OTCMKTS:CTTAY - Get Free Report) last posted its quarterly earnings results on Tuesday, August 4th. The company reported $0.14 EPS for the quarter, missing analysts' consensus estimates of $0.16 by ($0.02). Continental had a negative return on equity of 10.93% and a negative net margin of 1.36%.The company had revenue of $5.09 billion during the quarter, compared to analyst estimates of $5.03 billion. On average, analysts expect that Continental will post 0.67 EPS for the current year.

Continental Company Profile

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.

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