Short Interest in Atlas Technical Consultants, Inc. (NASDAQ:ATCX) Declines By 47.8%

Atlas Technical Consultants, Inc. (NASDAQ:ATCX) saw a large drop in short interest in July. As of July 31st, there was short interest totaling 38,208 shares, a drop of 47.8% from the July 15th total of 73,181 shares. Currently, 1.1% of the company’s stock are sold short. Based on an average trading volume of 10,571 shares, the short-interest ratio is presently 3.6 days.

Atlas Technical Consultants Price Performance

Shares of ATCX traded down $0.10 during trading hours on Tuesday, hitting $3.60. The company had a trading volume of 6,308 shares, compared to its average volume of 51,204. The business has a fifty day moving average of $3.41 and a 200-day moving average of $4.93. Atlas Technical Consultants has a 12 month low of $2.57 and a 12 month high of $47.16.

Analyst Upgrades and Downgrades

Several research firms recently issued reports on ATCX. HC Wainwright reiterated a “buy” rating and set a $13.75 target price on shares of Atlas Technical Consultants in a report on Wednesday, July 1st. Weiss Ratings reiterated a “sell (e+)” rating on shares of Atlas Technical Consultants in a research note on Wednesday, May 27th. ThinkEquity assumed coverage on Atlas Technical Consultants in a report on Tuesday, May 26th. They issued a “buy” rating for the company. Finally, Zacks Research upgraded shares of Atlas Technical Consultants to a “hold” rating in a report on Friday, April 24th. Three equities research analysts have rated the stock with a Buy rating, one has given a Hold rating and one has issued a Sell rating to the company’s stock. According to MarketBeat, Atlas Technical Consultants has an average rating of “Hold” and a consensus target price of $27.88.

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.