Atlas Copco AB (OTCMKTS:ATLKY) Sees Significant Decline in Short Interest

Atlas Copco AB (OTCMKTS:ATLKY) was the target of a large decrease in short interest during the month of August. As of August 31st, there was short interest totaling 67,277 shares, a decrease of 57.0% from the August 15th total of 156,603 shares. Based on an average daily volume of 418,350 shares, the short-interest ratio is currently 0.2 days. Currently, 0.0% of the shares of the stock are short sold.

Atlas Copco Trading Down 4.8%

Shares of OTCMKTS ATLKY opened at $19.93 on Tuesday. The stock has a market capitalization of $97.10 billion, a P/E ratio of 34.97, a PEG ratio of 1.89 and a beta of 1.41. The company has a debt-to-equity ratio of 0.25, a current ratio of 1.27 and a quick ratio of 0.87. The business’s 50 day moving average is $21.02 and its two-hundred day moving average is $19.90. Atlas Copco has a 1-year low of $15.69 and a 1-year high of $22.42.

Atlas Copco (OTCMKTS:ATLKY) last released its quarterly earnings results on Thursday, July 16th. The industrial products company reported $0.15 earnings per share for the quarter, missing the consensus estimate of $0.16 by ($0.01). The company had revenue of $4.66 billion for the quarter, compared to analysts’ expectations of $4.61 billion. Atlas Copco had a net margin of 15.66% and a return on equity of 24.10%. As a group, research analysts expect that Atlas Copco will post 0.66 EPS for the current year.

Wall Street Analysts Forecast Growth

A number of research firms recently commented on ATLKY. The Goldman Sachs Group upgraded Atlas Copco from a “neutral” rating to a “buy” rating in a research report on Wednesday, July 22nd. Royal Bank Of Canada reaffirmed an “underperform” rating on shares of Atlas Copco in a research note on Wednesday, August 5th. Citigroup reaffirmed a “buy” rating on shares of Atlas Copco in a report on Tuesday, September 8th. Finally, Morgan Stanley reissued an “overweight” rating on shares of Atlas Copco in a report on Tuesday, September 1st. One investment analyst has rated the stock with a Strong Buy rating, five have assigned a Buy rating, two have issued a Hold rating and two have assigned a Sell rating to the company’s stock. According to MarketBeat.com, the stock has an average rating of “Moderate Buy”.

Atlas Copco Company Profile

Atlas Copco AB is a Sweden-based industrial company that develops, manufactures and services equipment and solutions used in manufacturing, construction, mining, infrastructure and other industrial applications. Founded in Stockholm in 1873, the company has grown into a global group serving customers through operations and sales networks across North America, Europe, Asia, South America, Africa and Oceania.

Atlas Copco’s products include industrial air compressors, vacuum equipment, air treatment systems, gas and process equipment, portable power and flow solutions, and related aftermarket services.