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

Atlas Copco AB (OTCMKTS:ATLKY) was the recipient of a significant decline in short interest in October. As of October 31st, there was short interest totalling 8,800 shares, a decline of 44.7% from the October 15th total of 15,900 shares. Based on an average daily volume of 657,600 shares, the short-interest ratio is presently 0.0 days.

Atlas Copco Stock Down 4.6 %

Atlas Copco stock opened at $16.15 on Wednesday. The company has a current ratio of 1.56, a quick ratio of 1.02 and a debt-to-equity ratio of 0.30. Atlas Copco has a 52-week low of $13.84 and a 52-week high of $20.03. The company’s 50 day moving average is $17.71 and its two-hundred day moving average is $18.09.

Atlas Copco (OTCMKTS:ATLKY) last issued its quarterly earnings results on Wednesday, October 23rd. 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 29.00% and a net margin of 16.37%. The firm had revenue of $4.14 billion during the quarter. Research analysts predict that Atlas Copco will post 0.57 EPS for the current fiscal year.

About Atlas Copco

Atlas Copco AB provides compressed air and gas, vacuum, energy, dewatering and industrial pump, industrial power tool, and assembly and machine vision solutions in North America, South America, Europe, Africa, the Middle East, Asia, and Oceania. It operates through Compressor Technique, Vacuum Technique, Industrial Technique, and Power Technique segments.