Continental AG (OTCMKTS:CTTAY) Short Interest Down 93.0% in June

Continental AG (OTCMKTS:CTTAY) was the target of a large decrease in short interest in June. As of June 30th, there was short interest totaling 6,662 shares, a decrease of 93.0% from the June 15th total of 94,768 shares. Currently, 0.0% of the shares of the stock are short sold. Based on an average trading volume of 104,360 shares, the short-interest ratio is currently 0.1 days.

Analysts Set New Price Targets

CTTAY has been the subject of a number of recent research reports. Citigroup reissued a “buy” rating on shares of Continental in a report on Friday, June 12th. Kepler Capital Markets lowered shares of Continental from a “strong-buy” rating to a “hold” rating in a research report on Monday. Finally, Deutsche Bank Aktiengesellschaft reissued a “buy” rating on shares of Continental in a research note on Thursday, July 2nd. Three investment analysts have rated the stock with a Buy rating and six have assigned a Hold rating to the company. According to data from MarketBeat.com, the company has a consensus rating of “Hold”.

Continental Trading Up 0.9%

CTTAY stock traded up $0.07 during midday trading on Friday, reaching $8.29. 19,888 shares of the company traded hands, compared to its average volume of 74,340. The firm has a market capitalization of $16.58 billion, a price-to-earnings ratio of -51.81, a P/E/G ratio of 0.66 and a beta of 1.38. Continental has a 52-week low of $6.21 and a 52-week high of $9.16. The business has a 50 day moving average of $8.17 and a 200-day moving average of $7.94. The company has a debt-to-equity ratio of 0.89, a quick ratio of 0.82 and a current ratio of 1.25.

Continental (OTCMKTS:CTTAY) last announced its earnings results on Wednesday, May 6th. The company reported $0.11 EPS for the quarter, missing analysts’ consensus estimates of $0.17 by ($0.06). Continental had a negative return on equity of 4.89% and a net margin of 0.19%.The company had revenue of $5.14 billion during the quarter, compared to analysts’ expectations of $5.07 billion. As a group, sell-side analysts expect that Continental will post 0.8 earnings per share for the current fiscal year.

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.