Continental AG (OTCMKTS:CTTAY) Short Interest Up 97.0% in August

Key Points

• Short interest in Continental nearly doubled in August, rising 97% to 86,037 shares, equivalent to a short-interest ratio of 1.5 days based on average trading volume.
• Continental reported quarterly EPS of $0.14, missing the $0.16 consensus estimate, while revenue of $5.09 billion exceeded expectations. The company posted a negative net margin of 1.36% and negative return on equity of 10.93%.
• Shares opened at $8.03, within a 12-month range of $6.21 to $9.00. Analyst sentiment is mixed, with three Buy ratings and six Holds, resulting in a consensus rating of Hold.

Continental AG (OTCMKTS:CTTAY - Get Free Report) was the target of a large growth in short interest in the month of August. As of August 14th, there was short interest totaling 86,037 shares, a growth of 97.0% from the July 30th total of 43,678 shares. Currently, 0.0% of the shares of the company are short sold. Based on an average daily trading volume, of 56,252 shares, the short-interest ratio is presently 1.5 days.

Continental Stock Performance

OTCMKTS:CTTAY opened at $8.03 on Friday. The firm has a market capitalization of $16.06 billion, a PE ratio of -26.77, a price-to-earnings-growth ratio of 1.10 and a beta of 1.39. The company has a quick ratio of 0.82, a current ratio of 1.25 and a debt-to-equity ratio of 0.89. Continental has a twelve month low of $6.21 and a twelve month high of $9.00. The stock's 50-day simple moving average is $8.13 and its 200 day simple moving average is $7.95.

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

Analysts Set New Price Targets

CTTAY has been the subject of several research reports. Citigroup reissued a "buy" rating on shares of Continental in a report on Friday, June 12th. Kepler Capital Markets downgraded shares of Continental from a "strong-buy" rating to a "hold" rating in a report on Monday, July 6th. Finally, Deutsche Bank Aktiengesellschaft reiterated a "buy" rating on shares of Continental in a research note on Thursday, July 2nd. Three analysts have rated the stock with a Buy rating and six have given a Hold rating to the company's stock. Based on data from MarketBeat.com, Continental currently has a consensus rating of "Hold".

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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