Atlas Technical Consultants, Inc. (NASDAQ:ATCX) Short Interest Update

Atlas Technical Consultants, Inc. (NASDAQ:ATCX) saw a large drop in short interest in the month of July. As of July 31st, there was short interest totaling 38,208 shares, a drop of 47.8% from the July 15th total of 73,181 shares. Currently, 1.1% of the company’s shares are sold short. Based on an average daily volume of 10,571 shares, the days-to-cover ratio is currently 3.6 days.

Atlas Technical Consultants Stock Performance

Shares of Atlas Technical Consultants stock traded down $0.08 during midday trading on Monday, hitting $3.32. The company had a trading volume of 5,924 shares, compared to its average volume of 51,449. The company has a fifty day simple moving average of $3.42 and a 200 day simple moving average of $4.97. Atlas Technical Consultants has a 12-month low of $2.57 and a 12-month high of $47.16.

Analysts Set New Price Targets

Several equities research analysts have recently commented on ATCX shares. Weiss Ratings restated a “sell (e+)” rating on shares of Atlas Technical Consultants in a report on Wednesday, May 27th. Zacks Research raised Atlas Technical Consultants to a “hold” rating in a research report on Friday, April 24th. ThinkEquity initiated coverage on shares of Atlas Technical Consultants in a research report on Tuesday, May 26th. They set a “buy” rating for the company. Finally, HC Wainwright reaffirmed a “buy” rating and issued a $13.75 price objective on shares of Atlas Technical Consultants in a research report on Wednesday, July 1st. 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’s stock. According to MarketBeat.com, the stock currently has an average rating of “Hold” and a consensus price target of $27.88.

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.