Continental Aktiengesellschaft (OTCMKTS:CTTAY) Sees Significant Decline in Short Interest

Continental Aktiengesellschaft (OTCMKTS:CTTAY) was the recipient of a significant drop in short interest during the month of December. As of December 31st, there was short interest totalling 81,800 shares, a drop of 12.2% from the December 15th total of 93,200 shares. Based on an average daily volume of 226,600 shares, the short-interest ratio is presently 0.4 days.

Wall Street Analyst Weigh In

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

Continental Aktiengesellschaft Price Performance

OTCMKTS:CTTAY traded up $0.09 during trading hours on Friday, reaching $6.86. 56,582 shares of the company were exchanged, compared to its average volume of 343,406. The stock’s 50-day moving average is $6.63 and its 200-day moving average is $6.42. Continental Aktiengesellschaft has a twelve month low of $5.56 and a twelve month high of $8.36. The firm has a market cap of $13.72 billion, a PE ratio of 12.70, a price-to-earnings-growth ratio of 0.25 and a beta of 1.56. The company has a current ratio of 1.25, a quick ratio of 0.81 and a debt-to-equity ratio of 0.32.

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.