Continental AG (OTCMKTS:CTTAY) Sees Large Growth in Short Interest

Continental AG (OTCMKTS:CTTAY - Get Free Report) was the target of a significant increase in short interest in the month of May. As of May 31st, there was short interest totalling 42,400 shares, an increase of 38.6% from the May 15th total of 30,600 shares. Based on an average daily volume of 57,500 shares, the short-interest ratio is currently 0.7 days. Approximately 0.0% of the shares of the company are short sold.

Analyst Upgrades and Downgrades

CTTAY has been the topic of several analyst reports. Citigroup reissued a "buy" rating on shares of Continental in a report on Wednesday, April 2nd. Jefferies Financial Group downgraded Continental from a "buy" rating to a "hold" rating in a research report on Thursday, May 22nd. Finally, Hsbc Global Res upgraded shares of Continental to a "hold" rating in a research report on Wednesday, April 2nd.

Continental Trading Down 0.2%

CTTAY stock traded down $0.02 during trading on Friday, hitting $8.54. The company had a trading volume of 22,799 shares, compared to its average volume of 209,387. The stock has a market cap of $17.08 billion, a price-to-earnings ratio of 12.20, a PEG ratio of 0.70 and a beta of 1.39. The company has a quick ratio of 1.47, a current ratio of 1.68 and a debt-to-equity ratio of 0.27. The firm has a 50-day moving average price of $8.20 and a 200-day moving average price of $7.40. Continental has a 12 month low of $5.56 and a 12 month high of $9.07.

Continental (OTCMKTS:CTTAY - Get Free Report) last issued its quarterly earnings results on Tuesday, May 6th. The company reported $0.11 earnings per share (EPS) for the quarter, beating the consensus estimate 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 had a return on equity of 9.84% and a net margin of 3.71%. As a group, analysts predict that Continental will post 0.66 earnings per share for the current year.

Continental Increases Dividend

The company also recently announced a dividend, which was paid on Wednesday, May 7th. Shareholders of record on Wednesday, April 30th were issued a $0.1978 dividend. The ex-dividend date was Tuesday, April 29th. This is a positive change from Continental's previous dividend of $0.16. This represents a yield of 2.61%. Continental's dividend payout ratio (DPR) is 28.57%.

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.