Atlas Copco AB (OTCMKTS:ATLKY) Sees Significant Increase in Short Interest

Atlas Copco AB (OTCMKTS:ATLKY) was the target of a large growth in short interest in the month of December. As of December 15th, there was short interest totaling 150,816 shares, a growth of 70.5% from the November 30th total of 88,447 shares. Currently, 0.0% of the shares of the company are short sold. Based on an average trading volume of 341,203 shares, the days-to-cover ratio is currently 0.4 days. Based on an average trading volume of 341,203 shares, the days-to-cover ratio is currently 0.4 days. Currently, 0.0% of the shares of the company are short sold.

Analyst Ratings Changes

ATLKY has been the topic of several research reports. UBS Group downgraded shares of Atlas Copco to a “sell” rating in a research report on Tuesday, October 28th. BNP Paribas raised Atlas Copco from a “hold” rating to an “outperform” rating in a report on Thursday, September 4th. Citigroup reaffirmed a “buy” rating on shares of Atlas Copco in a research note on Tuesday, October 28th. Deutsche Bank Aktiengesellschaft reiterated a “hold” rating on shares of Atlas Copco in a research note on Monday, October 27th. Finally, Barclays raised Atlas Copco from a “hold” rating to an “overweight” rating in a report on Wednesday, December 3rd. Three research analysts have rated the stock with a Buy rating, two have assigned a Hold rating and one has assigned a Sell rating to the company. Based on data from MarketBeat, the company currently has a consensus rating of “Hold”.

Atlas Copco Price Performance

Shares of OTCMKTS:ATLKY opened at $18.28 on Friday. Atlas Copco has a 52 week low of $13.41 and a 52 week high of $18.55. The company has a 50-day moving average price of $17.22 and a 200 day moving average price of $16.65. The company has a market cap of $89.12 billion, a P/E ratio of 32.64, a PEG ratio of 9.19 and a beta of 1.40. The company has a quick ratio of 1.09, a current ratio of 1.52 and a debt-to-equity ratio of 0.27.

Atlas Copco (OTCMKTS:ATLKY) last issued its earnings results on Thursday, October 23rd. The industrial products company reported $0.14 earnings per share (EPS) for the quarter, hitting analysts’ consensus estimates of $0.14. Atlas Copco had a return on equity of 25.42% and a net margin of 16.08%.The business had revenue of $4.43 billion during the quarter, compared to the consensus estimate of $4.42 billion. Research analysts predict that Atlas Copco will post 0.55 earnings per share for the current year.

About Atlas Copco

Atlas Copco is a Sweden-based industrial group that develops, manufactures and services equipment and solutions for professional customers in a broad range of industries. The company’s core activities center on compressed air and gas systems, vacuum solutions, construction and mining equipment, industrial tools and assembly systems, and power and flow equipment. Products and services span new-equipment sales, aftermarket parts, maintenance and technical support aimed at improving productivity, energy efficiency and safety for industrial operations.

Key product categories include stationary and portable air compressors, air treatment and gas generation systems, industrial vacuum pumps, generators and light towers, drilling rigs and rock excavation equipment for mining and construction, as well as electric and pneumatic tools and automated assembly systems for manufacturing.