Atlas Copco AB (OTCMKTS:ATLKY) Short Interest Update

Atlas Copco AB (OTCMKTS:ATLKY) saw a large increase in short interest during the month of December. As of December 31st, there was short interest totaling 392,439 shares, an increase of 161.4% from the December 15th total of 150,118 shares. Approximately 0.0% of the company’s stock are sold short. Based on an average daily trading volume, of 669,651 shares, the days-to-cover ratio is presently 0.6 days. Based on an average daily trading volume, of 669,651 shares, the days-to-cover ratio is presently 0.6 days. Approximately 0.0% of the company’s stock are sold short.

Atlas Copco Stock Performance

Shares of ATLKY stock opened at $19.77 on Wednesday. Atlas Copco has a 52 week low of $13.41 and a 52 week high of $20.04. The company has a market capitalization of $96.38 billion, a price-to-earnings ratio of 35.30, a PEG ratio of 9.07 and a beta of 1.40. The company has a 50-day simple moving average of $17.56 and a 200 day simple moving average of $16.91. The company has a debt-to-equity ratio of 0.27, a quick ratio of 1.09 and a current ratio of 1.52.

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

Analyst Ratings Changes

A number of brokerages recently weighed in on ATLKY. Citigroup restated a “buy” rating on shares of Atlas Copco in a report on Tuesday, October 28th. Barclays upgraded shares of Atlas Copco from a “hold” rating to an “overweight” rating in a research note on Wednesday, December 3rd. Deutsche Bank Aktiengesellschaft reiterated a “hold” rating on shares of Atlas Copco in a research note on Monday, October 27th. UBS Group cut Atlas Copco to a “sell” rating in a report on Tuesday, October 28th. Finally, Sanford C. Bernstein raised Atlas Copco from a “hold” rating to an “outperform” rating in a research report on Wednesday, January 7th. Four research analysts have rated the stock with a Buy rating, two have given a Hold rating and one has issued a Sell rating to the company. Based on data from MarketBeat, Atlas Copco presently has a consensus rating of “Hold”.

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.