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

Atlas Copco AB (OTCMKTS:ATLKY) was the recipient of a significant decline in short interest in the month of June. As of June 30th, there was short interest totaling 102,709 shares, a decline of 73.8% from the June 15th total of 391,775 shares. Based on an average trading volume of 734,680 shares, the days-to-cover ratio is currently 0.1 days. Currently, 0.0% of the shares of the company are short sold.

Atlas Copco Price Performance

Shares of OTCMKTS:ATLKY opened at $19.83 on Monday. The company has a quick ratio of 1.20, a current ratio of 1.70 and a debt-to-equity ratio of 0.24. The stock has a market capitalization of $96.58 billion, a PE ratio of 35.41, a price-to-earnings-growth ratio of 2.06 and a beta of 1.42. The firm’s 50 day moving average price is $19.53 and its 200-day moving average price is $19.61. Atlas Copco has a twelve month low of $14.89 and a twelve month high of $22.05.

Atlas Copco (OTCMKTS:ATLKY) last announced its earnings results on Tuesday, April 28th. The industrial products company reported $0.14 earnings per share (EPS) for the quarter, meeting the consensus estimate of $0.14. Atlas Copco had a net margin of 15.69% and a return on equity of 23.91%. The company had revenue of $4.36 billion during the quarter, compared to analyst estimates of $4.46 billion. Equities research analysts expect that Atlas Copco will post 0.66 EPS for the current year.

Wall Street Analyst Weigh In

A number of brokerages recently weighed in on ATLKY. Deutsche Bank Aktiengesellschaft restated a “hold” rating on shares of Atlas Copco in a research report on Wednesday, April 29th. Rothschild & Co Redburn raised shares of Atlas Copco from a “hold” rating to a “strong-buy” rating in a research report on Monday, April 20th. Royal Bank Of Canada reiterated an “underperform” rating on shares of Atlas Copco in a research note on Thursday, April 30th. Finally, Citigroup restated a “buy” rating on shares of Atlas Copco in a research note on Wednesday, June 24th. One equities research analyst has rated the stock with a Strong Buy rating, four have issued a Buy rating, three have given a Hold rating and two have given a Sell rating to the stock. According to data from MarketBeat, the company currently 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.