Atlas Technical Consultants, Inc. (NASDAQ:ATCX) Sees Significant Drop in Short Interest

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

Wall Street Analysts Forecast Growth

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

Atlas Technical Consultants Trading Up 7.6%

ATCX traded up $0.24 during trading on Friday, reaching $3.40. 13,707 shares of the company’s stock were exchanged, compared to its average volume of 11,834. Atlas Technical Consultants has a one year low of $2.57 and a one year high of $47.16. The firm has a fifty day moving average price of $3.42 and a two-hundred day moving average price of $5.02.

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.