Short Interest in Atlas Technical Consultants, Inc. (NASDAQ:ATCX) Increases By 154.3%

Atlas Technical Consultants, Inc. (NASDAQ:ATCX) was the recipient of a large growth in short interest in the month of July. As of July 15th, there was short interest totaling 73,181 shares, a growth of 154.3% from the June 30th total of 28,772 shares. Based on an average trading volume of 9,709 shares, the short-interest ratio is presently 7.5 days. Approximately 0.2% of the shares of the company are short sold.

Analyst Ratings Changes

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

Atlas Technical Consultants Price Performance

ATCX stock remained flat at $3.01 during midday trading on Tuesday. 3,595 shares of the company’s stock were exchanged, compared to its average volume of 55,643. The stock has a market capitalization of $10.46 million, a price-to-earnings ratio of -13.68 and a beta of 1.07. The firm has a 50 day moving average price of $3.81 and a 200-day moving average price of $5.64. Atlas Technical Consultants has a 1-year low of $2.79 and a 1-year high of $47.16.

Atlas Technical Consultants Company Profile

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.