Short Interest in Atlas Copco AB (OTCMKTS:ATLKY) Declines By 42.4%

Key Points

• Short interest in Atlas Copco AB decreased significantly by 42.4%, falling from 59,000 shares to 34,000 shares as of August 31st.
• The company's latest earnings per share met analysts' expectations at $0.14, with a total revenue of $4.22 billion for the quarter.
• BNP Paribas upgraded Atlas Copco shares from a "hold" rating to an "outperform" rating, reflecting a positive outlook from Wall Street analysts.

Atlas Copco AB (OTCMKTS:ATLKY - Get Free Report) saw a large drop in short interest in the month of August. As of August 31st, there was short interest totaling 34,000 shares, a drop of 42.4% from the August 15th total of 59,000 shares. Approximately 0.0% of the company's stock are short sold. Based on an average daily trading volume, of 504,300 shares, the short-interest ratio is currently 0.1 days. Based on an average daily trading volume, of 504,300 shares, the short-interest ratio is currently 0.1 days. Approximately 0.0% of the company's stock are short sold.

Atlas Copco Stock Down 0.2%

Atlas Copco stock opened at $16.88 on Friday. The company has a market capitalization of $82.29 billion, a P/E ratio of 30.14 and a beta of 1.37. The firm's fifty day simple moving average is $15.96 and its 200-day simple moving average is $16.12. 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 has a 1-year low of $13.41 and a 1-year high of $19.65.

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

Wall Street Analysts Forecast Growth

Separately, BNP Paribas raised shares of Atlas Copco from a "hold" rating to an "outperform" rating in a research note on Thursday, September 4th. One investment analyst has rated the stock with a Buy rating and one has issued a Hold rating to the company's stock. According to data from MarketBeat, the company currently has an average rating of "Moderate Buy".

Atlas Copco Company Profile

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.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.