Atlas Copco AB (OTCMKTS:ATLKY) Short Interest Update

Atlas Copco AB (OTCMKTS:ATLKY) saw a large decline in short interest during the month of January. As of January 15th, there was short interest totaling 224,919 shares, a decline of 42.7% from the December 31st total of 392,439 shares. Currently, 0.0% of the shares of the stock are short sold. Based on an average daily volume of 377,539 shares, the days-to-cover ratio is currently 0.6 days. Based on an average daily volume of 377,539 shares, the days-to-cover ratio is currently 0.6 days. Currently, 0.0% of the shares of the stock are short sold.

Atlas Copco Stock Performance

OTCMKTS:ATLKY opened at $20.99 on Friday. The stock has a market cap of $102.33 billion, a P/E ratio of 38.16, a PEG ratio of 9.57 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. The business’s 50-day moving average price is $18.61 and its two-hundred day moving average price is $17.26. Atlas Copco has a twelve month low of $13.41 and a twelve month high of $21.46.

Atlas Copco (OTCMKTS:ATLKY) last announced its earnings results on Tuesday, January 27th. The industrial products company reported $0.14 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.15 by ($0.01). The company had revenue of $4.80 billion for the quarter, compared to the consensus estimate of $4.68 billion. Atlas Copco had a net margin of 15.70% and a return on equity of 25.29%. As a group, equities analysts predict that Atlas Copco will post 0.55 EPS for the current fiscal year.

Analyst Ratings Changes

Several brokerages have issued reports on ATLKY. Pareto Securities cut shares of Atlas Copco from a “buy” rating to a “hold” rating in a research report on Tuesday. Sanford C. Bernstein raised shares of Atlas Copco from a “hold” rating to an “outperform” rating in a research note on Wednesday, January 7th. Deutsche Bank Aktiengesellschaft reiterated a “hold” rating on shares of Atlas Copco in a report on Friday, January 16th. UBS Group downgraded Atlas Copco to a “sell” rating in a research note on Tuesday, October 28th. Finally, Citigroup reaffirmed a “buy” rating on shares of Atlas Copco in a report on Thursday, January 22nd. Four equities research analysts have rated the stock with a Buy rating, three have given a Hold rating and one has given a Sell rating to the company’s stock. Based on data from MarketBeat, the company has a consensus rating of “Hold”.

Atlas Copco Company Profile

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.