Atlas Copco AB (OTCMKTS:ATLKY) Short Interest Up 68.4% in September

Atlas Copco AB (OTCMKTS:ATLKY) was the target of a large increase in short interest during the month of September. As of September 30th, there was short interest totaling 77,800 shares, an increase of 68.4% from the September 15th total of 46,200 shares. Based on an average daily volume of 289,700 shares, the days-to-cover ratio is presently 0.3 days. Based on an average daily volume of 289,700 shares, the days-to-cover ratio is presently 0.3 days.

Atlas Copco Stock Performance

OTCMKTS ATLKY opened at $17.60 on Wednesday. Atlas Copco has a fifty-two week low of $13.41 and a fifty-two week high of $18.48. The company has a debt-to-equity ratio of 0.32, a quick ratio of 1.09 and a current ratio of 1.55. The firm has a market capitalization of $85.81 billion, a P/E ratio of 31.43, a PEG ratio of 7.56 and a beta of 1.41. The stock has a 50-day simple moving average of $16.78 and a two-hundred day simple moving average of $16.20.

Analysts Set New Price Targets

Separately, BNP Paribas raised Atlas Copco from a “hold” rating to an “outperform” rating in a report on Thursday, September 4th. One equities research analyst has rated the stock with a Buy rating and one has issued a Hold rating to the stock. According to data from MarketBeat, Atlas Copco currently has a consensus rating of “Moderate Buy”.

Atlas Copco Company Profile

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.