Continental Aktiengesellschaft (OTCMKTS:CTTAY) Sees Large Increase in Short Interest

Continental Aktiengesellschaft (OTCMKTS:CTTAY) saw a large increase in short interest in December. As of December 15th, there was short interest totalling 93,200 shares, an increase of 198.7% from the November 30th total of 31,200 shares. Based on an average daily volume of 234,700 shares, the short-interest ratio is presently 0.4 days.

Continental Aktiengesellschaft Stock Down 0.2 %

Shares of Continental Aktiengesellschaft stock traded down $0.02 on Thursday, hitting $6.65. The company had a trading volume of 65,354 shares, compared to its average volume of 188,626. The stock has a market capitalization of $13.30 billion, a price-to-earnings ratio of 12.31, a P/E/G ratio of 0.39 and a beta of 1.58. The company has a debt-to-equity ratio of 0.32, a quick ratio of 0.81 and a current ratio of 1.25. Continental Aktiengesellschaft has a 1 year low of $5.56 and a 1 year high of $8.51. The stock has a 50 day moving average of $6.49 and a 200-day moving average of $6.34.

Wall Street Analysts Forecast Growth

Separately, UBS Group upgraded shares of Continental Aktiengesellschaft from a “hold” rating to a “strong-buy” rating in a report on Friday, November 15th.

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.