Short Interest in Atlas Copco AB (OTCMKTS:ATLKY) Increases By 209.5%

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

Wall Street Analysts Forecast Growth

A number of analysts have recently weighed in on the stock. Deutsche Bank Aktiengesellschaft restated a “hold” rating on shares of Atlas Copco in a report on Wednesday, April 29th. Citigroup reiterated a “buy” rating on shares of Atlas Copco in a research report on Wednesday, June 24th. Royal Bank Of Canada restated an “underperform” rating on shares of Atlas Copco in a report on Thursday, April 30th. Finally, Rothschild & Co Redburn upgraded shares of Atlas Copco from a “hold” rating to a “strong-buy” rating in a research report on Monday, April 20th. One research 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 given a Sell rating to the stock. According to data from MarketBeat.com, the stock currently has a consensus rating of “Hold”.

Atlas Copco Stock Up 2.5%

Shares of OTCMKTS:ATLKY opened at $19.93 on Tuesday. The firm has a market capitalization of $97.07 billion, a PE ratio of 35.59, a price-to-earnings-growth ratio of 2.01 and a beta of 1.44. The business has a 50 day simple moving average of $19.57 and a two-hundred day simple moving average of $19.48. Atlas Copco has a 1 year low of $14.89 and a 1 year high of $22.05. The company has a debt-to-equity ratio of 0.26, a current ratio of 1.55 and a quick ratio of 1.08.

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

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.