Short Interest in Continental Aktiengesellschaft (OTCMKTS:CTTAY) Grows By 31.9%

Continental Aktiengesellschaft (OTCMKTS:CTTAY - Get Free Report) saw a significant increase in short interest in the month of May. As of May 15th, there was short interest totalling 30,600 shares, an increase of 31.9% from the April 30th total of 23,200 shares. Based on an average daily volume of 48,500 shares, the short-interest ratio is presently 0.6 days. Currently, 0.0% of the shares of the company are sold short.

Continental Aktiengesellschaft Stock Performance

Shares of CTTAY traded down $0.03 during mid-day trading on Thursday, reaching $8.66. The company had a trading volume of 9,524 shares, compared to its average volume of 227,966. The stock has a market capitalization of $17.31 billion, a P/E ratio of 16.03, a PEG ratio of 0.35 and a beta of 1.39. Continental Aktiengesellschaft has a 52-week low of $5.56 and a 52-week high of $8.83. The stock has a 50 day moving average of $7.77 and a two-hundred day moving average of $7.22. The company has a quick ratio of 0.81, a current ratio of 1.25 and a debt-to-equity ratio of 0.32.

Continental Aktiengesellschaft (OTCMKTS:CTTAY - Get Free Report) last released its earnings results on Tuesday, May 6th. The company reported $0.11 earnings per share for the quarter, topping analysts' consensus estimates of $0.07 by $0.04. The business had revenue of $11.02 billion for the quarter, compared to analyst estimates of $10.78 billion. Continental Aktiengesellschaft had a net margin of 2.51% and a return on equity of 7.09%. On average, analysts expect that Continental Aktiengesellschaft will post 0.66 earnings per share for the current year.

Continental Aktiengesellschaft Increases Dividend

The company also recently announced a dividend, which was paid on Wednesday, May 7th. Shareholders of record on Wednesday, April 30th were given a $0.1978 dividend. This is an increase from Continental Aktiengesellschaft's previous dividend of $0.16. This represents a yield of 2.61%. The ex-dividend date of this dividend was Tuesday, April 29th. Continental Aktiengesellschaft's payout ratio is currently 27.14%.

Analyst Upgrades and Downgrades

CTTAY has been the subject of several recent analyst reports. Citigroup reaffirmed a "buy" rating on shares of Continental Aktiengesellschaft in a research note on Wednesday, April 2nd. Hsbc Global Res upgraded shares of Continental Aktiengesellschaft to a "hold" rating in a report on Wednesday, April 2nd. Finally, Jefferies Financial Group downgraded shares of Continental Aktiengesellschaft from a "buy" rating to a "hold" rating in a research report on Thursday, May 22nd. One analyst has rated the stock with a sell rating, two have assigned a hold rating, one has issued a buy rating and one has issued a strong buy rating to the stock. According to data from MarketBeat.com, Continental Aktiengesellschaft presently has a consensus rating of "Hold".

About Continental Aktiengesellschaft

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.