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

Continental Aktiengesellschaft (OTCMKTS:CTTAY) saw a large drop in short interest during the month of February. As of February 28th, there was short interest totalling 9,200 shares, a drop of 66.1% from the February 13th total of 27,100 shares. Approximately 0.0% of the shares of the company are sold short. Based on an average daily volume of 823,700 shares, the days-to-cover ratio is currently 0.0 days.

Continental Aktiengesellschaft Stock Performance

OTCMKTS CTTAY traded down $0.11 during trading hours on Friday, hitting $7.38. 12,712 shares of the stock were exchanged, compared to its average volume of 391,229. The company has a quick ratio of 0.81, a current ratio of 1.25 and a debt-to-equity ratio of 0.32. The company has a market cap of $14.76 billion, a price-to-earnings ratio of 13.67, a price-to-earnings-growth ratio of 0.35 and a beta of 1.64. Continental Aktiengesellschaft has a 12-month low of $5.56 and a 12-month high of $7.58. The stock has a 50-day moving average of $7.00 and a 200 day moving average of $6.63.

Analysts Set New Price Targets

Separately, UBS Group upgraded Continental Aktiengesellschaft from a “hold” rating to a “strong-buy” rating in a research note 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.