Short Interest in Continental Aktiengesellschaft (OTCMKTS:CTTAY) Drops By 48.8%

Continental Aktiengesellschaft (OTCMKTS:CTTAY) was the target of a large decrease in short interest during the month of March. As of March 31st, there was short interest totalling 12,300 shares, a decrease of 48.8% from the March 15th total of 24,000 shares. Based on an average trading volume of 593,300 shares, the short-interest ratio is currently 0.0 days. Currently, 0.0% of the shares of the company are sold short.

Continental Aktiengesellschaft Price Performance

Continental Aktiengesellschaft stock traded up $0.12 during midday trading on Wednesday, reaching $7.21. The company had a trading volume of 32,938 shares, compared to its average volume of 320,476. The company has a debt-to-equity ratio of 0.32, a current ratio of 1.25 and a quick ratio of 0.81. Continental Aktiengesellschaft has a 12-month low of $5.56 and a 12-month high of $7.81. The company has a market capitalization of $14.42 billion, a P/E ratio of 13.35, a P/E/G ratio of 0.35 and a beta of 1.44. The firm’s fifty day simple moving average is $7.15 and its 200-day simple moving average is $6.77.

Analyst Upgrades and Downgrades

Several equities research analysts have commented on the company. Hsbc Global Res upgraded Continental Aktiengesellschaft to a “hold” rating in a research report on Wednesday, April 2nd. Citigroup reaffirmed a “buy” rating on shares of Continental Aktiengesellschaft in a report on Wednesday, April 2nd.

Continental Aktiengesellschaft Company Profile

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.