Atlas Copco AB (OTCMKTS:ATLKY) Short Interest Up 161.4% in December

Atlas Copco AB (OTCMKTS:ATLKY) was the recipient of a large growth in short interest in the month of December. As of December 31st, there was short interest totaling 392,439 shares, a growth of 161.4% from the December 15th total of 150,118 shares. Based on an average daily volume of 669,651 shares, the short-interest ratio is currently 0.6 days. Approximately 0.0% of the company’s shares are short sold. Approximately 0.0% of the company’s shares are short sold. Based on an average daily volume of 669,651 shares, the short-interest ratio is currently 0.6 days.

Wall Street Analyst Weigh In

ATLKY has been the topic of several recent analyst reports. Citigroup reissued a “buy” rating on shares of Atlas Copco in a research note on Tuesday, October 28th. UBS Group lowered Atlas Copco to a “sell” rating in a research 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. Sanford C. Bernstein raised Atlas Copco from a “hold” rating to an “outperform” rating in a research note on Wednesday, January 7th. Finally, Barclays raised shares of Atlas Copco from a “hold” rating to an “overweight” rating in a research report on Wednesday, December 3rd. Four 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 stock. According to data from MarketBeat, Atlas Copco presently has an average rating of “Hold”.

Atlas Copco Stock Down 1.3%

ATLKY opened at $19.52 on Thursday. The company has a market capitalization of $95.16 billion, a PE ratio of 34.86, a price-to-earnings-growth ratio of 9.01 and a beta of 1.40. The company has a debt-to-equity ratio of 0.27, a current ratio of 1.52 and a quick ratio of 1.09. Atlas Copco has a fifty-two week low of $13.41 and a fifty-two week high of $20.04. The business has a 50-day moving average of $17.62 and a 200-day moving average of $16.93.

Atlas Copco (OTCMKTS:ATLKY) last announced its quarterly earnings results on Thursday, October 23rd. The industrial products company reported $0.14 EPS for the quarter, meeting the consensus estimate of $0.14. The business had revenue of $4.43 billion during the quarter, compared to analysts’ expectations of $4.42 billion. Atlas Copco had a return on equity of 25.42% and a net margin of 16.08%. Equities research analysts forecast that Atlas Copco will post 0.55 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.