Short Interest in Atlas Copco AB (OTCMKTS:ATLKY) Decreases By 95.3%

Atlas Copco AB (OTCMKTS:ATLKY) was the target of a significant decrease in short interest in April. As of April 15th, there was short interest totaling 13,239 shares, a decrease of 95.3% from the March 31st total of 283,744 shares. Currently, 0.0% of the company’s stock are short sold. Based on an average daily volume of 450,442 shares, the days-to-cover ratio is currently 0.0 days.

Atlas Copco Stock Up 2.9%

Shares of ATLKY stock traded up $0.58 during trading hours on Friday, reaching $20.77. 1,487,523 shares of the stock were exchanged, compared to its average volume of 375,869. The business’s fifty day moving average is $19.39 and its two-hundred day moving average is $18.74. The firm has a market capitalization of $101.16 billion, a P/E ratio of 37.76, a P/E/G ratio of 2.62 and a beta of 1.47. Atlas Copco has a 12-month low of $14.89 and a 12-month high of $22.05. The company has a debt-to-equity ratio of 0.26, a current ratio of 1.55 and a quick ratio of 1.08.

Atlas Copco (OTCMKTS:ATLKY) last issued its quarterly earnings results on Tuesday, January 27th. The industrial products company reported $0.14 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.15 by ($0.01). Atlas Copco had a return on equity of 24.94% and a net margin of 15.70%.The firm had revenue of $4.80 billion during the quarter, compared to analysts’ expectations of $4.68 billion. As a group, research analysts expect that Atlas Copco will post 0.62 EPS for the current fiscal year.

Analyst Upgrades and Downgrades

A number of brokerages recently weighed in on ATLKY. Pareto Securities cut shares of Atlas Copco from a “buy” rating to a “hold” rating in a report on Tuesday, January 27th. Citigroup reissued a “buy” rating on shares of Atlas Copco in a research report on Thursday, April 9th. Deutsche Bank Aktiengesellschaft restated a “hold” rating on shares of Atlas Copco in a research note on Friday, January 16th. Rothschild & Co Redburn upgraded Atlas Copco from a “hold” rating to a “strong-buy” rating in a research note on Monday. Finally, The Goldman Sachs Group lowered Atlas Copco from a “strong-buy” rating to a “neutral” rating in a report on Thursday, February 5th. One equities research analyst has rated the stock with a Strong Buy rating, four have assigned a Buy rating, three have assigned a Hold rating and one has assigned a Sell rating to the stock. Based on data from MarketBeat, Atlas Copco has a consensus rating of “Moderate Buy”.

About Atlas Copco

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.