Continental Aktiengesellschaft (OTCMKTS:CTTAY) Short Interest Down 82.9% in September

Continental Aktiengesellschaft (OTCMKTS:CTTAY) saw a large decrease in short interest during the month of September. As of September 30th, there was short interest totalling 5,900 shares, a decrease of 82.9% from the September 15th total of 34,600 shares. Based on an average daily volume of 313,200 shares, the short-interest ratio is presently 0.0 days.

Wall Street Analysts Forecast Growth

Separately, Sanford C. Bernstein upgraded Continental Aktiengesellschaft to a “strong sell” rating in a research note on Wednesday, June 19th.

Continental Aktiengesellschaft Stock Performance

Shares of CTTAY stock remained flat at $6.46 during mid-day trading on Friday. The company’s stock had a trading volume of 744,807 shares, compared to its average volume of 198,980. The company has a market capitalization of $12.92 billion, a PE ratio of 15.02, a price-to-earnings-growth ratio of 0.48 and a beta of 1.57. The company has a quick ratio of 0.77, a current ratio of 1.20 and a debt-to-equity ratio of 0.30. Continental Aktiengesellschaft has a 12 month low of $5.56 and a 12 month high of $8.51. The firm’s 50-day moving average price is $6.35 and its two-hundred day moving average price is $6.45.

Continental Aktiengesellschaft (OTCMKTS:CTTAY) last posted its quarterly earnings data on Wednesday, August 7th. The company reported $0.16 earnings per share for the quarter. The business had revenue of $10.77 billion during the quarter. Continental Aktiengesellschaft had a return on equity of 5.71% and a net margin of 2.02%. On average, research analysts expect that Continental Aktiengesellschaft will post 0.63 earnings per share for the current fiscal year.

About Continental Aktiengesellschaft

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.