Short Interest in Atlas Copco AB (OTCMKTS:ATLKY) Drops By 75.8%

Atlas Copco AB (OTCMKTS:ATLKY) saw a significant decrease in short interest in the month of May. As of May 29th, there was short interest totaling 126,573 shares, a decrease of 75.8% from the May 14th total of 521,973 shares. Approximately 0.0% of the shares of the company are sold short. Based on an average daily volume of 763,267 shares, the short-interest ratio is presently 0.2 days.

Atlas Copco Price Performance

OTCMKTS:ATLKY opened at $19.12 on Wednesday. The company has a current ratio of 1.55, a quick ratio of 1.08 and a debt-to-equity ratio of 0.26. The company has a market capitalization of $93.13 billion, a P/E ratio of 34.14, a P/E/G ratio of 2.27 and a beta of 1.44. Atlas Copco has a 12 month low of $14.89 and a 12 month high of $22.05. The business’s 50-day moving average is $19.21 and its 200 day moving average is $19.18.

Atlas Copco (OTCMKTS:ATLKY) last released its quarterly earnings data on Tuesday, April 28th. The industrial products company reported $0.14 EPS for the quarter, meeting the consensus estimate of $0.14. Atlas Copco had a net margin of 15.69% and a return on equity of 25.21%. The business had revenue of $4.36 billion during the quarter, compared to analyst estimates of $4.46 billion. On average, equities research analysts forecast that Atlas Copco will post 0.66 earnings per share for the current fiscal year.

Analyst Upgrades and Downgrades

A number of equities research analysts have commented on ATLKY shares. Deutsche Bank Aktiengesellschaft reaffirmed a “hold” rating on shares of Atlas Copco in a research report on Wednesday, April 29th. Rothschild & Co Redburn upgraded shares of Atlas Copco from a “hold” rating to a “strong-buy” rating in a research note on Monday, April 20th. Citigroup reissued a “buy” rating on shares of Atlas Copco in a report on Thursday, April 9th. Finally, Royal Bank Of Canada reaffirmed an “underperform” rating on shares of Atlas Copco in a report on Thursday, April 30th. One investment analyst has rated the stock with a Strong Buy rating, four have given a Buy rating, three have assigned a Hold rating and two have assigned a Sell rating to the company’s stock. According to MarketBeat.com, Atlas Copco 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.