Atlas Copco AB (OTCMKTS:ATLKY) Short Interest Up 70.5% in December

Atlas Copco AB (OTCMKTS:ATLKY) was the target of a large increase in short interest in December. As of December 15th, there was short interest totaling 150,816 shares, an increase of 70.5% from the November 30th total of 88,447 shares. Currently, 0.0% of the shares of the stock are sold short. Based on an average daily trading volume, of 341,203 shares, the short-interest ratio is currently 0.4 days. Based on an average daily trading volume, of 341,203 shares, the short-interest ratio is currently 0.4 days. Currently, 0.0% of the shares of the stock are sold short.

Atlas Copco Stock Down 1.1%

Shares of OTCMKTS ATLKY opened at $18.07 on Tuesday. Atlas Copco has a 52-week low of $13.41 and a 52-week high of $18.55. The company has a debt-to-equity ratio of 0.27, a quick ratio of 1.09 and a current ratio of 1.52. The stock has a market cap of $88.09 billion, a P/E ratio of 32.27, a P/E/G ratio of 9.19 and a beta of 1.40. The firm has a 50 day moving average price of $17.23 and a 200 day moving average price of $16.67.

Atlas Copco (OTCMKTS:ATLKY) last announced its quarterly earnings results on Thursday, October 23rd. The industrial products company reported $0.14 earnings per share for the quarter, hitting analysts’ consensus estimates of $0.14. The company had revenue of $4.43 billion for the quarter, compared to analysts’ expectations of $4.42 billion. Atlas Copco had a net margin of 16.08% and a return on equity of 25.42%. Analysts expect that Atlas Copco will post 0.55 EPS for the current year.

Wall Street Analysts Forecast Growth

A number of equities analysts have recently issued reports on the stock. UBS Group lowered shares of Atlas Copco to a “sell” rating in a research report on Tuesday, October 28th. Citigroup reaffirmed a “buy” rating on shares of Atlas Copco in a report on Tuesday, October 28th. Deutsche Bank Aktiengesellschaft reissued a “hold” rating on shares of Atlas Copco in a research note on Monday, October 27th. BNP Paribas raised Atlas Copco from a “hold” rating to an “outperform” rating in a research note on Thursday, September 4th. Finally, Barclays upgraded Atlas Copco from a “hold” rating to an “overweight” rating in a research report on Wednesday, December 3rd. Three investment analysts have rated the stock with a Buy rating, two have issued a Hold rating and one has issued a Sell rating to the company. According to data from MarketBeat.com, the company has an average 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.