Short Interest in Atlas Technical Consultants, Inc. (NASDAQ:ATCX) Drops By 65.3%

Atlas Technical Consultants, Inc. (NASDAQ:ATCX) was the recipient of a significant drop in short interest in the month of June. As of June 30th, there was short interest totaling 28,772 shares, a drop of 65.3% from the June 15th total of 82,867 shares. Based on an average trading volume of 11,148 shares, the short-interest ratio is currently 2.6 days. Approximately 0.1% of the shares of the company are short sold.

Analyst Ratings Changes

Several brokerages have recently weighed in on ATCX. Wall Street Zen cut Atlas Technical Consultants from a “hold” rating to a “sell” rating in a research report on Saturday, April 11th. HC Wainwright reissued a “buy” rating and set a $13.75 price objective on shares of Atlas Technical Consultants in a report on Wednesday, July 1st. ThinkEquity initiated coverage on Atlas Technical Consultants in a research note on Tuesday, May 26th. They issued a “buy” rating for the company. Zacks Research raised Atlas Technical Consultants to a “hold” rating in a report on Friday, April 24th. Finally, Weiss Ratings reiterated a “sell (e+)” rating on shares of Atlas Technical Consultants in a research report on Wednesday, May 27th. Three analysts have rated the stock with a Buy rating, one has assigned a Hold rating and one has given a Sell rating to the company. According to data from MarketBeat.com, Atlas Technical Consultants presently has an average rating of “Hold” and an average price target of $27.88.

Atlas Technical Consultants Price Performance

Shares of NASDAQ:ATCX opened at $3.79 on Monday. The firm has a fifty day moving average price of $4.31 and a two-hundred day moving average price of $6.34. The company has a market cap of $13.17 million, a price-to-earnings ratio of -17.23 and a beta of 1.07. Atlas Technical Consultants has a one year low of $3.47 and a one year high of $47.16.

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.