Atlas Copco AB (OTCMKTS:ATLKY) Shares Shorted: Short Interest Down 37.2% in October

Atlas Copco AB (OTCMKTS:ATLKY) was the target of a large decrease in short interest during the month of October. As of October 15th, there was short interest totaling 57,390 shares, a decrease of 37.2% from the September 30th total of 91,456 shares. Based on an average trading volume of 460,849 shares, the days-to-cover ratio is currently 0.1 days. Approximately 0.0% of the company’s stock are sold short.

Analyst Upgrades and Downgrades

Several equities research analysts have recently weighed in on the company. Royal Bank Of Canada reissued an “underperform” rating on shares of Atlas Copco in a report on Wednesday, August 5th. Citigroup reaffirmed a “buy” rating on shares of Atlas Copco in a research report on Tuesday, October 13th. The Goldman Sachs Group upgraded Atlas Copco from a “neutral” rating to a “buy” rating in a research note on Wednesday, July 22nd. Finally, Morgan Stanley reissued an “overweight” rating on shares of Atlas Copco in a report on Tuesday, September 1st. One investment analyst has rated the stock with a Strong Buy rating, five have issued a Buy rating, two have issued a Hold rating and one has assigned a Sell rating to the company. Based on data from MarketBeat.com, the company has a consensus rating of “Moderate Buy”.

Atlas Copco Stock Up 1.9%

Shares of OTCMKTS:ATLKY opened at $18.88 on Tuesday. Atlas Copco has a 12-month low of $15.69 and a 12-month high of $22.42. The stock’s 50-day moving average price is $20.45 and its two-hundred day moving average price is $20.11. The firm has a market cap of $91.96 billion, a price-to-earnings ratio of 32.00, a PEG ratio of 1.45 and a beta of 1.39. The company has a current ratio of 1.27, a quick ratio of 0.87 and a debt-to-equity ratio of 0.25.

Atlas Copco (OTCMKTS:ATLKY) last posted its earnings results on Thursday, October 22nd. The industrial products company reported $0.16 earnings per share for the quarter, missing the consensus estimate of $0.17 by ($0.01). The business had revenue of $4.83 billion for the quarter, compared to analyst estimates of $4.79 billion. Atlas Copco had a net margin of 15.69% and a return on equity of 24.52%. On average, research analysts forecast that Atlas Copco will post 0.64 EPS for the current year.

About Atlas Copco

Atlas Copco AB is a Sweden-based industrial technology company that develops and manufactures equipment, systems and services for a broad range of industrial applications. Its principal business areas include compressed-air and gas equipment, vacuum solutions, industrial tools and assembly systems, and power and flow equipment.

The company’s offerings include air compressors, dryers and treatment systems; vacuum pumps and related equipment; pneumatic, electric and battery-powered tools; automated assembly solutions; generators, pumps and construction equipment.