Atlas Copco AB (OTCMKTS:ATLKY) Short Interest Update

Key Points

• Short interest fell 57% to 67,277 shares as of August 31, down from 156,603 shares on August 15. Short interest represents approximately 0.0% of Atlas Copco’s outstanding stock, with a short-interest ratio of 0.2 days.
• Atlas Copco shares opened at $20.94, up 1.0%, with a market capitalization of approximately $101.99 billion. The company recently reported quarterly revenue of $4.66 billion, exceeding estimates, though earnings per share of $0.15 slightly missed expectations.
• Analyst sentiment is broadly positive, with the stock carrying a “Moderate Buy” consensus rating based on one Strong Buy, five Buy, two Hold and two Sell ratings.

Atlas Copco AB (OTCMKTS:ATLKY - Get Free Report) saw a large decrease in short interest during the month of August. As of August 31st, there was short interest totaling 67,277 shares, a decrease of 57.0% from the August 15th total of 156,603 shares. Based on an average trading volume of 418,350 shares, the short-interest ratio is presently 0.2 days. Currently, 0.0% of the company's stock are sold short.

Atlas Copco Trading Up 1.0%

OTCMKTS:ATLKY opened at $20.94 on Friday. Atlas Copco has a 52 week low of $15.69 and a 52 week high of $22.42. The firm has a 50-day moving average price of $21.03 and a two-hundred day moving average price of $19.92. The company has a debt-to-equity ratio of 0.25, a quick ratio of 0.87 and a current ratio of 1.27. The firm has a market cap of $101.99 billion, a price-to-earnings ratio of 36.74, a price-to-earnings-growth ratio of 1.89 and a beta of 1.41.

Atlas Copco (OTCMKTS:ATLKY - Get Free Report) last announced its earnings results on Thursday, July 16th. The industrial products company reported $0.15 earnings per share for the quarter, missing analysts' consensus estimates of $0.16 by ($0.01). The business had revenue of $4.66 billion during the quarter, compared to analysts' expectations of $4.61 billion. Atlas Copco had a return on equity of 24.10% and a net margin of 15.66%. On average, equities analysts expect that Atlas Copco will post 0.66 earnings per share for the current fiscal year.

Wall Street Analysts Forecast Growth

ATLKY has been the subject of a number of analyst reports. Citigroup reiterated a "buy" rating on shares of Atlas Copco in a research note on Tuesday. Morgan Stanley reissued an "overweight" rating on shares of Atlas Copco in a research note on Tuesday, September 1st. Royal Bank Of Canada reaffirmed an "underperform" rating on shares of Atlas Copco in a research report on Wednesday, August 5th. Finally, The Goldman Sachs Group upgraded Atlas Copco from a "neutral" rating to a "buy" rating in a report on Wednesday, July 22nd. One investment analyst has rated the stock with a Strong Buy rating, five have assigned a Buy rating, two have given a Hold rating and two have given a Sell rating to the company's stock. According to MarketBeat, the stock presently has an average rating of "Moderate Buy".

About Atlas Copco

Atlas Copco AB is a Sweden-based industrial company that develops, manufactures and services equipment and solutions used in manufacturing, construction, mining, infrastructure and other industrial applications. Founded in Stockholm in 1873, the company has grown into a global group serving customers through operations and sales networks across North America, Europe, Asia, South America, Africa and Oceania.

Atlas Copco's products include industrial air compressors, vacuum equipment, air treatment systems, gas and process equipment, portable power and flow solutions, and related aftermarket services.

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