Atlas Copco AB (OTCMKTS:ATLKY) Short Interest Update

Key Points

• Atlas Copco AB experienced a substantial increase in short interest of 264.3%, rising from 9,800 shares at the end of June to 35,700 shares by mid-July.
• The company's stock price decreased by 1.5%, trading at $15.06, with a market capitalization of $73.42 billion and a price-to-earnings ratio of 26.89.
• In its most recent earnings report, Atlas Copco met the consensus estimate with earnings per share of $0.14 but reported revenue lower than analysts' expectations at $4.22 billion.

Atlas Copco AB (OTCMKTS:ATLKY - Get Free Report) was the recipient of a significant increase in short interest during the month of July. As of July 15th, there was short interest totaling 35,700 shares, anincreaseof264.3% from the June 30th total of 9,800 shares. Based on an average daily trading volume, of 1,054,400 shares, the days-to-cover ratio is currently 0.0 days. Based on an average daily trading volume, of 1,054,400 shares, the days-to-cover ratio is currently 0.0 days.

Atlas Copco Trading Down 1.5%

Shares of Atlas Copco stock traded down $0.23 during trading on Friday, hitting $15.06. The company's stock had a trading volume of 192,947 shares, compared to its average volume of 552,668. The company has a debt-to-equity ratio of 0.32, a current ratio of 1.55 and a quick ratio of 1.23. Atlas Copco has a 52 week low of $13.41 and a 52 week high of $19.65. The stock has a market cap of $73.42 billion, a price-to-earnings ratio of 26.89, a price-to-earnings-growth ratio of 20.80 and a beta of 1.36. The stock has a 50-day moving average price of $16.14 and a two-hundred day moving average price of $16.37.

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

Analysts Set New Price Targets

Separately, Redburn Atlantic cut shares of Atlas Copco from a "strong-buy" rating to a "hold" rating in a research note on Tuesday, April 15th.

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.

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