Atlas Technical Consultants, Inc. (NASDAQ:ATCX) Sees Significant Growth in Short Interest

Atlas Technical Consultants, Inc. (NASDAQ:ATCX) was the target of a large growth in short interest during the month of July. As of July 15th, there was short interest totaling 73,181 shares, a growth of 154.3% from the June 30th total of 28,772 shares. Approximately 0.2% of the shares of the stock are sold short. Based on an average trading volume of 9,709 shares, the days-to-cover ratio is presently 7.5 days.

Wall Street Analysts Forecast Growth

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

Atlas Technical Consultants Stock Performance

Shares of ATCX stock traded up $0.02 on Monday, hitting $3.01. 3,595 shares of the company’s stock traded hands, compared to its average volume of 55,643. Atlas Technical Consultants has a one year low of $2.79 and a one year high of $47.16. The company’s fifty day simple moving average is $3.85 and its 200 day simple moving average is $5.71. The stock has a market capitalization of $10.46 million, a price-to-earnings ratio of -13.68 and a beta of 1.07.

Atlas Technical Consultants Company Profile

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.