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

Key Points

• Atlas Copco AB experienced a 68.4% increase in short interest in September, rising to 77,800 shares as of September 30th.
• The company reported earnings of $0.14 per share, matching analysts' expectations, and had a revenue of $4.22 billion in its latest quarter.
• BNP Paribas upgraded Atlas Copco's rating from "hold" to "outperform," contributing to a consensus rating of "Moderate Buy" among analysts.

Atlas Copco AB (OTCMKTS:ATLKY - Get Free Report) saw a large growth in short interest during the month of September. As of September 30th, there was short interest totaling 77,800 shares, a growth of 68.4% from the September 15th total of 46,200 shares. Based on an average trading volume of 289,700 shares, the short-interest ratio is currently 0.3 days. Based on an average trading volume of 289,700 shares, the short-interest ratio is currently 0.3 days.

Atlas Copco Trading Up 0.8%

ATLKY stock opened at $17.71 on Tuesday. The business has a fifty day simple moving average of $16.73 and a 200-day simple moving average of $16.19. The company has a quick ratio of 1.09, a current ratio of 1.55 and a debt-to-equity ratio of 0.32. Atlas Copco has a 52 week low of $13.41 and a 52 week high of $18.48. The company has a market cap of $86.34 billion, a price-to-earnings ratio of 31.63, a PEG ratio of 7.50 and a beta of 1.41.

Atlas Copco (OTCMKTS:ATLKY - Get Free Report) last posted its quarterly earnings data on Friday, July 18th. The industrial products company reported $0.14 earnings per share for the quarter, meeting analysts' consensus estimates of $0.14. The company had revenue of $4.22 billion during the quarter, compared to analysts' expectations of $42.93 billion. Atlas Copco had a net margin of 16.22% and a return on equity of 26.14%. On average, equities research analysts expect that Atlas Copco will post 0.55 EPS for the current year.

Analyst Ratings Changes

Separately, BNP Paribas upgraded Atlas Copco from a "hold" rating to an "outperform" rating in a report on Thursday, September 4th. One equities research analyst has rated the stock with a Buy rating and one has issued a Hold rating to the company's stock. Based on data from MarketBeat, the company presently has a consensus rating of "Moderate Buy".

Atlas Copco Company Profile

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.

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