Atlas Technical Consultants, Inc. (NASDAQ:ATCX) Short Interest Down 65.3% in June

Atlas Technical Consultants, Inc. (NASDAQ:ATCX) saw a large decline in short interest in June. As of June 30th, there was short interest totaling 28,772 shares, a decline of 65.3% from the June 15th total of 82,867 shares. Based on an average daily trading volume, of 11,148 shares, the days-to-cover ratio is currently 2.6 days. Currently, 0.1% of the shares of the stock are sold short.

Wall Street Analysts Forecast Growth

ATCX has been the topic of several analyst reports. HC Wainwright restated a “buy” rating and set a $13.75 price target on shares of Atlas Technical Consultants in a research report on Wednesday, July 1st. Weiss Ratings reissued a “sell (e+)” rating on shares of Atlas Technical Consultants in a research note on Wednesday, May 27th. Wall Street Zen lowered Atlas Technical Consultants from a “hold” rating to a “sell” rating in a research note on Saturday, April 11th. ThinkEquity assumed coverage on shares of Atlas Technical Consultants in a research note on Tuesday, May 26th. They set a “buy” rating on the stock. Finally, Zacks Research raised shares of Atlas Technical Consultants to a “hold” rating in a research report on Friday, April 24th. Three equities research analysts have rated the stock with a Buy rating, one has given a Hold rating and one has given a Sell rating to the company. According to data from MarketBeat, the stock currently has an average rating of “Hold” and an average price target of $27.88.

Atlas Technical Consultants Stock Performance

Atlas Technical Consultants stock opened at $3.65 on Wednesday. The firm has a 50 day moving average price of $4.23 and a 200 day moving average price of $6.22. The company has a market cap of $12.68 million, a price-to-earnings ratio of -16.59 and a beta of 1.07. Atlas Technical Consultants has a 1 year low of $3.47 and a 1 year high of $47.16.

About Atlas Technical Consultants

Atlas Technical Consultants, Inc provides professional testing, inspection, engineering, environmental, and program management and consulting services in the United States. The company provides a range of technical services that helps its clients test, inspect, plan, design, certify, and manage various projects across various end markets. It offers testing, inspection, and certification services, such as construction materials testing; non-destructive testing and evaluations, materials testing and inspection, laboratory, and geophysics; construction quality assurance; owner verification and inspection; forensic and structural investigations; and materials laboratory services.