Atlas Copco AB (OTCMKTS:ATLKY) Short Interest Down 75.8% in May

Atlas Copco AB (OTCMKTS:ATLKY) saw a large decrease in short interest in May. As of May 29th, there was short interest totaling 126,573 shares, a decrease of 75.8% from the May 14th total of 521,973 shares. Approximately 0.0% of the company’s shares are short sold. Based on an average daily volume of 763,267 shares, the short-interest ratio is currently 0.2 days.

Analyst Ratings Changes

A number of research analysts have issued reports on the stock. Citigroup restated a “buy” rating on shares of Atlas Copco in a report on Thursday, April 9th. Royal Bank Of Canada reiterated an “underperform” rating on shares of Atlas Copco in a report on Thursday, April 30th. Deutsche Bank Aktiengesellschaft reiterated a “hold” rating on shares of Atlas Copco in a report on Wednesday, April 29th. Finally, Rothschild & Co Redburn upgraded shares of Atlas Copco from a “hold” rating to a “strong-buy” rating in a report on Monday, April 20th. One analyst has rated the stock with a Strong Buy rating, four have given a Buy rating, three have assigned a Hold rating and two have assigned a Sell rating to the company. Based on data from MarketBeat, the stock presently has an average rating of “Hold”.

Atlas Copco Trading Down 0.3%

Shares of ATLKY stock traded down $0.06 during trading hours on Friday, hitting $19.74. 30,086 shares of the company were exchanged, compared to its average volume of 455,299. The firm has a market cap of $96.12 billion, a PE ratio of 35.24, a PEG ratio of 2.22 and a beta of 1.44. Atlas Copco has a 1 year low of $14.89 and a 1 year high of $22.05. 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 firm has a fifty day moving average of $19.30 and a 200 day moving average of $19.23.

Atlas Copco (OTCMKTS:ATLKY) last posted its earnings results on Tuesday, April 28th. The industrial products company reported $0.14 earnings per share (EPS) for the quarter, hitting analysts’ consensus estimates of $0.14. The firm had revenue of $4.36 billion during the quarter, compared to the consensus estimate of $4.46 billion. Atlas Copco had a net margin of 15.69% and a return on equity of 25.21%. Analysts expect that Atlas Copco will post 0.66 earnings per share for the current year.

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.