Continental AG (OTCMKTS:CTTAY) Stock Short Interest Report for September

Key Points

• Short interest more than doubled to 86,252 shares as of September 30, up 118.4% from mid-month, though it represented approximately 0.0% of shares outstanding and equated to 0.9 days to cover.
• Analyst sentiment remains favorable, with five analysts rating Continental a Buy and four a Hold, resulting in a consensus rating of “Moderate Buy.”
• Continental reported quarterly EPS of $0.14, missing estimates by $0.02, while revenue of $5.09 billion exceeded forecasts; the stock opened at $7.73 and remained within its $6.21–$8.97 12-month range.

Continental AG (OTCMKTS:CTTAY - Get Free Report) saw a large increase in short interest during the month of September. As of September 30th, there was short interest totaling 86,252 shares, an increase of 118.4% from the September 15th total of 39,496 shares. Based on an average daily volume of 99,921 shares, the days-to-cover ratio is currently 0.9 days. Approximately 0.0% of the company's stock are sold short.

Wall Street Analysts Forecast Growth

Several equities research analysts recently issued reports on the stock. Oddo Bhf raised shares of Continental from a "neutral" rating to an "outperform" rating in a research note on Thursday, September 3rd. Kepler Capital Markets cut shares of Continental from a "strong-buy" rating to a "hold" rating in a report on Monday, July 6th. Deutsche Bank Aktiengesellschaft reissued a "buy" rating on shares of Continental in a research report on Thursday, July 2nd. Finally, Sanford C. Bernstein upgraded Continental from a "market perform" rating to an "outperform" rating in a report on Thursday. Five research analysts have rated the stock with a Buy rating and four have given a Hold rating to the company. According to MarketBeat.com, the stock currently has an average rating of "Moderate Buy".

Continental Stock Down 0.8%

CTTAY opened at $7.73 on Tuesday. The firm has a market cap of $15.46 billion, a P/E ratio of -25.77, a price-to-earnings-growth ratio of 1.06 and a beta of 1.35. The company has a debt-to-equity ratio of 0.94, a quick ratio of 1.06 and a current ratio of 1.38. The business has a 50 day moving average price of $7.96 and a 200 day moving average price of $7.95. Continental has a twelve month low of $6.21 and a twelve month high of $8.97.

Continental (OTCMKTS:CTTAY - Get Free Report) last announced its quarterly earnings results 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 10.86%. The company had revenue of $5.09 billion for the quarter, compared to analyst estimates of $5.03 billion. Research analysts forecast that Continental will post 0.67 EPS for the current year.

About Continental

Continental AG is a Germany-based technology and automotive supplier headquartered in Hanover. Founded in 1871 as a rubber manufacturer, the company has developed into a global provider of products and systems for vehicles, transportation, and industrial applications.

Its business activities include the development and production of passenger-car, commercial-vehicle, and specialty tires, as well as automotive technologies such as braking systems, vehicle safety systems, sensors, electronics, connectivity solutions, and software.

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