Atlas Copco AB (OTCMKTS:ATLKY) Sees Large Growth in Short Interest

Atlas Copco AB (OTCMKTS:ATLKY) was the recipient of a large growth in short interest in the month of February. As of February 13th, there was short interest totaling 525,347 shares, a growth of 430.1% from the January 29th total of 99,108 shares. Based on an average daily volume of 573,996 shares, the short-interest ratio is presently 0.9 days. Currently, 0.0% of the company’s stock are sold short. Currently, 0.0% of the company’s stock are sold short. Based on an average daily volume of 573,996 shares, the short-interest ratio is presently 0.9 days.

Atlas Copco Stock Up 0.4%

Shares of Atlas Copco stock traded up $0.08 during trading on Wednesday, reaching $21.79. The company’s stock had a trading volume of 110,340 shares, compared to its average volume of 241,356. Atlas Copco has a 1-year low of $13.41 and a 1-year high of $22.05. The company has a 50-day simple moving average of $20.05 and a two-hundred day simple moving average of $17.99. The company has a quick ratio of 1.08, a current ratio of 1.55 and a debt-to-equity ratio of 0.26. The company has a market cap of $106.23 billion, a price-to-earnings ratio of 39.62, a P/E/G ratio of 2.95 and a beta of 1.42.

Atlas Copco (OTCMKTS:ATLKY) last released its quarterly earnings results on Tuesday, January 27th. The industrial products company reported $0.14 EPS for the quarter, missing analysts’ consensus estimates of $0.15 by ($0.01). Atlas Copco had a net margin of 15.70% and a return on equity of 24.94%. The business had revenue of $4.80 billion during the quarter, compared to analysts’ expectations of $4.68 billion. As a group, equities analysts forecast that Atlas Copco will post 0.55 earnings per share for the current year.

Wall Street Analyst Weigh In

A number of equities analysts recently commented on ATLKY shares. Citigroup reissued a “buy” rating on shares of Atlas Copco in a research note on Thursday, January 22nd. UBS Group lowered Atlas Copco to a “sell” rating in a research report on Tuesday, October 28th. Barclays raised Atlas Copco from a “hold” rating to an “overweight” rating in a research report on Wednesday, December 3rd. Pareto Securities lowered Atlas Copco from a “buy” rating to a “hold” rating in a research note on Tuesday, January 27th. Finally, Sanford C. Bernstein raised shares of Atlas Copco from a “hold” rating to an “outperform” rating in a research report on Wednesday, January 7th. Four equities research analysts have rated the stock with a Buy rating, four have issued a Hold rating and one has assigned a Sell rating to the company. Based on data from MarketBeat, Atlas Copco currently has a consensus rating of “Hold”.

Atlas Copco Company Profile

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.