Atlas Copco AB (OTCMKTS:ATLKY) Sees Large Increase in Short Interest

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 in 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 daily trading volume, of 483,400 shares, the days-to-cover ratio is currently 0.1 days. Based on an average daily trading volume, of 483,400 shares, the days-to-cover ratio is currently 0.1 days.

Analysts Set New Price Targets

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

Atlas Copco Stock Performance

OTCMKTS:ATLKY traded down $0.15 during mid-day trading on Wednesday, reaching $16.73. The company's stock had a trading volume of 18,867 shares, compared to its average volume of 455,449. Atlas Copco has a 12-month low of $13.41 and a 12-month high of $19.65. The stock has a market cap of $81.56 billion, a P/E ratio of 29.88 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. The firm's fifty day moving average price is $15.94 and its two-hundred day moving average price is $16.12.

Atlas Copco (OTCMKTS:ATLKY - Get Free Report) last released its quarterly earnings results on Friday, July 18th. The industrial products company reported $0.14 EPS for the quarter, meeting the consensus estimate 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 analyst estimates of $42.93 billion. On average, equities analysts forecast that Atlas Copco will post 0.55 EPS 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.