Atlas Copco AB (OTCMKTS:ATLKY) Short Interest Update

Key Points

• Short interest rose 54.2% to 103,734 shares as of September 15, up from 67,277 shares at the end of August. Despite the increase, short interest represents approximately 0.0% of shares outstanding, with a 0.2-day days-to-cover ratio.
• Atlas Copco shares opened at $20.57, down 2.1%, and remain within a 52-week range of $15.69 to $22.42. The company reported quarterly revenue of $4.66 billion, exceeding estimates, but earnings per share of $0.15 fell short of consensus by $0.01.
• Analyst sentiment is broadly positive, with MarketBeat reporting an overall “Moderate Buy” rating based on one Strong Buy, five Buy, two Hold and two Sell recommendations.

Atlas Copco AB (OTCMKTS:ATLKY - Get Free Report) was the recipient of a significant increase in short interest in September. As of September 15th, there was short interest totaling 103,734 shares, an increase of 54.2% from the August 31st total of 67,277 shares. Based on an average trading volume of 537,205 shares, the days-to-cover ratio is presently 0.2 days. Approximately 0.0% of the company's stock are short sold.

Atlas Copco Trading Down 2.1%

Shares of OTCMKTS:ATLKY opened at $20.57 on Thursday. The company has a quick ratio of 0.87, a current ratio of 1.27 and a debt-to-equity ratio of 0.25. Atlas Copco has a 52-week low of $15.69 and a 52-week high of $22.42. The stock has a market cap of $100.19 billion, a price-to-earnings ratio of 36.09, a PEG ratio of 1.90 and a beta of 1.41. The business has a 50-day moving average price of $21.18 and a 200-day moving average price of $19.94.

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

Wall Street Analyst Weigh In

A number of analysts recently commented on ATLKY shares. Citigroup reiterated a "buy" rating on shares of Atlas Copco in a research note on Tuesday, September 8th. The Goldman Sachs Group upgraded shares of Atlas Copco from a "neutral" rating to a "buy" rating in a research note on Wednesday, July 22nd. Royal Bank Of Canada reaffirmed an "underperform" rating on shares of Atlas Copco in a report on Wednesday, August 5th. Finally, Morgan Stanley reiterated an "overweight" rating on shares of Atlas Copco in a research note on Tuesday, September 1st. One investment analyst has rated the stock with a Strong Buy rating, five have issued a Buy rating, two have given a Hold rating and two have given a Sell rating to the company's stock. Based on data from MarketBeat, Atlas Copco currently has an average rating of "Moderate Buy".

About Atlas Copco

Atlas Copco AB is a Sweden-based industrial equipment and technology company founded in 1873. Headquartered in Nacka, Sweden, the company serves customers in manufacturing, construction, mining, infrastructure, energy and other industries through a global sales, service and distribution network.

Its product portfolio includes air compressors, dryers, gas and process systems, vacuum equipment, industrial power tools, assembly systems and automated manufacturing solutions. Atlas Copco also provides equipment and services for mining and construction, including drilling, rock excavation and related aftermarket support.

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