Short Interest in Atlas Copco AB (OTCMKTS:ATLKY) Increases By 1,088.7%

Atlas Copco AB (OTCMKTS:ATLKY) was the target of a significant increase in short interest during 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 trading volume, of 1,680,593 shares, the short-interest ratio is currently 0.3 days. Currently, 0.0% of the shares of the company are short sold.

Atlas Copco Price Performance

Shares of OTCMKTS ATLKY traded up $0.03 during midday trading on Wednesday, reaching $19.40. The stock had a trading volume of 216,714 shares, compared to its average volume of 380,059. The stock has a 50-day moving average of $18.86 and a 200-day moving average of $18.99. The company has a debt-to-equity ratio of 0.26, a quick ratio of 1.08 and a current ratio of 1.55. The company has a market capitalization of $94.49 billion, a price-to-earnings ratio of 34.64, a price-to-earnings-growth ratio of 2.22 and a beta of 1.47. Atlas Copco has a 12-month low of $14.89 and a 12-month high of $22.05.

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

Wall Street Analyst Weigh In

Several research analysts have recently weighed in on the stock. Deutsche Bank Aktiengesellschaft reiterated a “hold” rating on shares of Atlas Copco in a research note on Wednesday, April 29th. Citigroup reaffirmed a “buy” rating on shares of Atlas Copco in a report on Thursday, April 9th. Pareto Securities downgraded Atlas Copco from a “buy” rating to a “hold” rating in a research report on Tuesday, January 27th. Royal Bank Of Canada restated an “underperform” rating on shares of Atlas Copco in a research report on Thursday, April 30th. Finally, Rothschild & Co Redburn raised Atlas Copco from a “hold” rating to a “strong-buy” rating in a research note on Monday, April 20th. One equities research analyst has rated the stock with a Strong Buy rating, four have issued a Buy rating, three have assigned a Hold rating and two have given a Sell rating to the company. According to data from MarketBeat, the company has an average 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.