Atlas Copco AB (OTCMKTS:ATLKY) Short Interest Update

Atlas Copco AB (OTCMKTS:ATLKY) was the target of a significant increase in short interest in June. As of June 15th, there was short interest totaling 391,775 shares, an increase of 209.5% from the May 31st total of 126,573 shares. Currently, 0.0% of the company’s stock are short sold. Based on an average daily volume of 1,729,606 shares, the short-interest ratio is presently 0.2 days.

Atlas Copco Stock Performance

OTCMKTS ATLKY opened at $19.44 on Friday. The firm has a market capitalization of $94.68 billion, a P/E ratio of 34.71, a price-to-earnings-growth ratio of 2.01 and a beta of 1.44. 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 firm’s fifty day moving average price is $19.57 and its two-hundred day moving average price is $19.45. Atlas Copco has a 1 year low of $14.89 and a 1 year high of $22.05.

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

Analysts Set New Price Targets

Several equities research analysts have commented on ATLKY shares. Royal Bank Of Canada reissued an “underperform” rating on shares of Atlas Copco in a research report on Thursday, April 30th. Rothschild & Co Redburn upgraded Atlas Copco from a “hold” rating to a “strong-buy” rating in a report on Monday, April 20th. Citigroup reaffirmed a “buy” rating on shares of Atlas Copco in a research report on Wednesday. Finally, Deutsche Bank Aktiengesellschaft reiterated a “hold” rating on shares of Atlas Copco in a report on Wednesday, April 29th. One investment 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 given a Sell rating to the company’s stock. According to data from MarketBeat, the company currently 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.