Continental AG (OTCMKTS:CTTAY) Short Interest Up 38.6% in May

Continental AG (OTCMKTS:CTTAY - Get Free Report) was the target of a large increase in short interest in 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. Approximately 0.0% of the company's shares are sold short. Based on an average daily trading volume, of 57,500 shares, the short-interest ratio is currently 0.7 days.

Continental Stock Down 1.1%

OTCMKTS CTTAY traded down $0.10 on Wednesday, reaching $8.62. The company had a trading volume of 16,384 shares, compared to its average volume of 210,694. The company's fifty day moving average is $8.14 and its 200-day moving average is $7.38. The firm has a market capitalization of $17.24 billion, a price-to-earnings ratio of 12.31, a price-to-earnings-growth ratio of 0.72 and a beta of 1.39. The company has a debt-to-equity ratio of 0.27, a quick ratio of 1.47 and a current ratio of 1.68. Continental has a 1-year low of $5.56 and a 1-year high of $9.07.

Continental (OTCMKTS:CTTAY - Get Free Report) last posted its quarterly earnings data on Tuesday, May 6th. The company reported $0.11 earnings per share for the quarter, topping the consensus estimate of $0.07 by $0.04. The company had revenue of $11.02 billion during the quarter, compared to analysts' expectations of $10.78 billion. Continental had a return on equity of 9.84% and a net margin of 3.71%. On average, research analysts forecast that Continental will post 0.66 earnings per share for the current fiscal year.

Continental Increases Dividend

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

Wall Street Analysts Forecast Growth

Several brokerages have issued reports on CTTAY. Citigroup restated a "buy" rating on shares of Continental in a report on Wednesday, April 2nd. Hsbc Global Res raised Continental to a "hold" rating in a research note on Wednesday, April 2nd. Finally, Jefferies Financial Group downgraded shares of Continental from a "buy" rating to a "hold" rating in a report on Thursday, May 22nd. One analyst has rated the stock with a sell rating, two have issued a hold rating, one has assigned a buy rating and one has issued a strong buy rating to the company's stock. According to data from MarketBeat, Continental presently has a consensus rating of "Hold".

Continental Company Profile

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.