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

Atlas Copco AB (OTCMKTS:ATLKY) was the recipient of a significant increase in short interest in the month of May. As of May 15th, there was short interest totaling 521,973 shares, an increase of 1,088.7% from the April 30th total of 43,911 shares. Based on an average daily volume of 1,680,593 shares, the days-to-cover ratio is currently 0.3 days. Approximately 0.0% of the shares of the company are short sold.

Wall Street Analyst Weigh In

A number of equities research analysts have commented on ATLKY shares. Citigroup reissued a “buy” rating on shares of Atlas Copco in a report on Thursday, April 9th. Deutsche Bank Aktiengesellschaft restated a “hold” rating on shares of Atlas Copco in a research report on Wednesday, April 29th. The Goldman Sachs Group downgraded shares of Atlas Copco from a “strong-buy” rating to a “neutral” rating in a research note on Thursday, February 5th. Rothschild & Co Redburn raised Atlas Copco from a “hold” rating to a “strong-buy” rating in a research report on Monday, April 20th. Finally, Royal Bank Of Canada restated an “underperform” rating on shares of Atlas Copco in a report on Thursday, April 30th. One equities research analyst has rated the stock with a Strong Buy rating, four have issued a Buy rating, three have given a Hold rating and two have issued a Sell rating to the stock. Based on data from MarketBeat, the company currently has a consensus rating of “Hold”.

Atlas Copco Stock Performance

Atlas Copco stock opened at $19.15 on Friday. The stock’s 50 day moving average price is $18.90 and its 200 day moving average price is $19.03. The firm has a market capitalization of $93.27 billion, a PE ratio of 34.20, a price-to-earnings-growth ratio of 2.28 and a beta of 1.47. The company has a debt-to-equity ratio of 0.26, a quick ratio of 1.08 and a current ratio of 1.55. Atlas Copco has a one year low of $14.89 and a one year high of $22.05.

Atlas Copco (OTCMKTS:ATLKY) last announced its earnings results on Tuesday, April 28th. The industrial products company reported $0.14 earnings per share (EPS) for the quarter, meeting analysts’ consensus estimates of $0.14. Atlas Copco had a return on equity of 25.21% and a net margin of 15.69%.The company had revenue of $4.36 billion for the quarter, compared to analyst estimates of $4.46 billion. As a group, sell-side analysts expect that Atlas Copco will post 0.66 EPS for the current fiscal year.

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.