Atlas Copco AB (OTCMKTS:ATLKY) Short Interest Update

Atlas Copco AB (OTCMKTS:ATLKY) was the target of a significant growth in short interest in May. As of May 15th, there was short interest totalling 99,800 shares, a growth of 362.0% from the April 30th total of 21,600 shares. Approximately 0.0% of the company’s stock are sold short. Based on an average daily volume of 566,900 shares, the short-interest ratio is currently 0.2 days.

Atlas Copco Trading Up 0.6%

Atlas Copco stock opened at $16.38 on Friday. Atlas Copco has a 12 month low of $13.41 and a 12 month high of $20.03. The company has a market capitalization of $79.85 billion, a price-to-earnings ratio of 28.24, a price-to-earnings-growth ratio of 4.99 and a beta of 1.40. The business’s fifty day simple moving average is $15.83 and its two-hundred day simple moving average is $16.27. The company has a current ratio of 1.72, a quick ratio of 1.20 and a debt-to-equity ratio of 0.28.

Atlas Copco (OTCMKTS:ATLKY) last announced its quarterly earnings results on Tuesday, April 29th. The industrial products company reported $0.13 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.14 by ($0.01). The firm had revenue of $4.43 billion during the quarter, compared to the consensus estimate of $45.27 billion. Atlas Copco had a return on equity of 28.31% and a net margin of 16.84%. As a group, equities analysts predict that Atlas Copco will post 0.55 earnings per share for the current fiscal year.

Analysts Set New Price Targets

Separately, Redburn Atlantic cut Atlas Copco from a “strong-buy” rating to a “hold” rating in a research report on Tuesday, April 15th.

About Atlas Copco

Atlas Copco AB provides compressed air and gas, vacuum, energy, dewatering and industrial pump, industrial power tool, and assembly and machine vision solutions in North America, South America, Europe, Africa, the Middle East, Asia, and Oceania. It operates through Compressor Technique, Vacuum Technique, Industrial Technique, and Power Technique segments.