Short Interest in Atlas Copco AB (OTCMKTS:ATLKY) Increases By 231.7%

Atlas Copco AB (OTCMKTS:ATLKY) was the recipient of a large growth in short interest in the month of April. As of April 30th, there was short interest totaling 43,911 shares, a growth of 231.7% from the April 15th total of 13,239 shares. Currently, 0.0% of the shares of the company are short sold. Based on an average daily trading volume, of 1,005,641 shares, the short-interest ratio is presently 0.0 days.

Atlas Copco Stock Down 0.3%

Shares of OTCMKTS ATLKY opened at $18.94 on Friday. The stock’s fifty day moving average is $18.91 and its 200 day moving average is $18.90. The stock has a market capitalization of $92.25 billion, a P/E ratio of 33.82, a PEG ratio of 2.23 and a beta of 1.47. The company has a debt-to-equity ratio of 0.26, a quick ratio of 1.08 and a current ratio of 1.55. Atlas Copco has a 52 week low of $14.89 and a 52 week high of $22.05.

Atlas Copco (OTCMKTS:ATLKY) last released its quarterly earnings data on Tuesday, April 28th. The industrial products company reported $0.14 earnings per share for the quarter, meeting the consensus estimate of $0.14. The business had revenue of $4.36 billion for the quarter, compared to analyst estimates of $4.46 billion. Atlas Copco had a return on equity of 25.21% and a net margin of 15.69%. Sell-side analysts forecast that Atlas Copco will post 0.66 earnings per share for the current fiscal year.

Wall Street Analyst Weigh In

Several research firms have weighed in on ATLKY. Citigroup reiterated a “buy” rating on shares of Atlas Copco in a research report on Thursday, April 9th. Rothschild & Co Redburn upgraded Atlas Copco from a “hold” rating to a “strong-buy” rating in a research report on Monday, April 20th. Pareto Securities cut Atlas Copco from a “buy” rating to a “hold” rating in a research report on Tuesday, January 27th. Deutsche Bank Aktiengesellschaft reiterated a “hold” rating on shares of Atlas Copco in a research report on Wednesday, April 29th. Finally, Royal Bank Of Canada reiterated an “underperform” rating on shares of Atlas Copco in a research report on Thursday, April 30th. One investment analyst has rated the stock with a Strong Buy rating, four have assigned a Buy rating, three have given a Hold rating and two have given a Sell rating to the stock. According to data from MarketBeat, Atlas Copco presently has an average rating of “Hold”.

About Atlas Copco

Atlas Copco is a Sweden-based industrial group that develops, manufactures and services equipment and solutions for professional customers in a broad range of industries. The company’s core activities center on compressed air and gas systems, vacuum solutions, construction and mining equipment, industrial tools and assembly systems, and power and flow equipment. Products and services span new-equipment sales, aftermarket parts, maintenance and technical support aimed at improving productivity, energy efficiency and safety for industrial operations.

Key product categories include stationary and portable air compressors, air treatment and gas generation systems, industrial vacuum pumps, generators and light towers, drilling rigs and rock excavation equipment for mining and construction, as well as electric and pneumatic tools and automated assembly systems for manufacturing.