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

Atlas Technical Consultants, Inc. (NASDAQ:ATCX) was the recipient of a significant increase in short interest during the month of October. As of October 15th, there was short interest totaling 54,495 shares, an increase of 144.1% from the September 30th total of 22,321 shares. Approximately 1.6% of the shares of the stock are sold short. Based on an average daily trading volume, of 27,965 shares, the days-to-cover ratio is currently 1.9 days.

Wall Street Analysts Forecast Growth

ATCX has been the topic of a number of research reports. HC Wainwright restated a “buy” rating on shares of Atlas Technical Consultants in a research report on Tuesday, October 6th. Weiss Ratings downgraded Atlas Technical Consultants from a “sell (d-)” rating to a “sell (e+)” rating in a research note on Tuesday, October 20th. Three investment analysts have rated the stock with a Buy rating, one has issued a Hold rating and one has issued a Sell rating to the stock. Based on data from MarketBeat, Atlas Technical Consultants currently has a consensus rating of “Hold” and a consensus target price of $27.88.

Atlas Technical Consultants Stock Down 7.9%

NASDAQ:ATCX traded down $0.16 during trading hours on Friday, hitting $1.91. 17,067 shares of the company were exchanged, compared to its average volume of 13,848. Atlas Technical Consultants has a one year low of $1.85 and a one year high of $39.60. The company has a fifty day simple moving average of $2.85 and a 200 day simple moving average of $4.61.

Atlas Technical Consultants Company Profile

Atlas Technical Consultants, Inc was an infrastructure and environmental services company that provided engineering, testing, inspection and consulting solutions for public- and private-sector clients. Based in Austin, Texas, the company supported the development, maintenance and improvement of transportation, buildings, utilities and other civil infrastructure.

Its services included construction quality assurance, materials testing, geotechnical engineering, environmental consulting, infrastructure inspection, surveying, engineering design and program management.