Atlas Copco AB (OTCMKTS:ATLKY) Short Interest Update

Key Points

• Atlas Copco AB experienced a significant increase in short interest of 107.7% in August, rising from 28,400 shares to 59,000 shares.
• Analyst ratings have improved, with BNP Paribas upgrading Atlas Copco to an "outperform" rating, contributing to a current average rating of "Moderate Buy."
• The company's stock is currently priced at $16.10 per share with a market capitalization of $78.49 billion.

Atlas Copco AB (OTCMKTS:ATLKY - Get Free Report) saw a significant increase in short interest during the month of August. As of August 15th, there was short interest totaling 59,000 shares, an increase of 107.7% from the July 31st total of 28,400 shares. Based on an average trading volume of 483,400 shares, the short-interest ratio is presently 0.1 days. Based on an average trading volume of 483,400 shares, the short-interest ratio is presently 0.1 days.

Analyst Upgrades and Downgrades

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

Atlas Copco Trading Down 1.0%

Shares of OTCMKTS ATLKY traded down $0.17 during midday trading on Tuesday, reaching $16.88. 141,163 shares of the stock were exchanged, compared to its average volume of 458,007. Atlas Copco has a 52-week low of $13.41 and a 52-week high of $19.65. The stock has a 50 day moving average price of $15.92 and a 200-day moving average price of $16.12. The company has a market capitalization of $82.29 billion, a P/E ratio of 30.14 and a beta of 1.37. The company has a current ratio of 1.55, a quick ratio of 1.09 and a debt-to-equity ratio of 0.32.

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