Short Interest in Continental Aktiengesellschaft (OTCMKTS:CTTAY) Decreases By 12.2%

Continental Aktiengesellschaft (OTCMKTS:CTTAY) was the recipient of a large 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 days-to-cover ratio is currently 0.4 days.

Continental Aktiengesellschaft Trading Up 1.3 %

OTCMKTS CTTAY traded up $0.09 on Friday, reaching $6.86. The stock had a trading volume of 56,582 shares, compared to its average volume of 343,406. 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 stock has a fifty day moving average price of $6.63 and a two-hundred day moving average price of $6.42. Continental Aktiengesellschaft has a 12-month low of $5.56 and a 12-month high of $8.36. The firm has a market capitalization of $13.72 billion, a price-to-earnings ratio of 12.70, a P/E/G ratio of 0.25 and a beta of 1.56.

Wall Street Analysts Forecast Growth

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

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.