Short Interest in Atlas Copco AB (OTCMKTS:ATLKY) Decreases By 95.3%

Key Points

• Short interest plunged 95.3% — as of April 15 short interest fell to 13,239 shares from 283,744 on March 31, leaving about 0.0% of shares short and a short‑interest ratio of 0.0 days.
• Shares traded up 2.9% to $20.77 on heavy volume (1.49M vs. avg. 375,869); analysts have a consensus rating of “Moderate Buy” and the stock trades at a P/E of ~37.8 with a market cap of about $101.2 billion.

Atlas Copco AB (OTCMKTS:ATLKY - Get Free Report) was the target of a large drop in short interest during the month of April. As of April 15th, there was short interest totaling 13,239 shares, a drop of 95.3% from the March 31st total of 283,744 shares. Currently, 0.0% of the company's shares are short sold. Based on an average daily trading volume, of 450,442 shares, the short-interest ratio is presently 0.0 days.

Atlas Copco Trading Up 2.9%

Shares of OTCMKTS:ATLKY traded up $0.58 during mid-day trading on Friday, reaching $20.77. 1,487,523 shares of the company were exchanged, compared to its average volume of 375,869. Atlas Copco has a 1 year low of $14.89 and a 1 year high of $22.05. The company has a debt-to-equity ratio of 0.26, a current ratio of 1.55 and a quick ratio of 1.08. The firm's 50-day simple moving average is $19.39 and its 200 day simple moving average is $18.74. The firm has a market cap of $101.16 billion, a price-to-earnings ratio of 37.76, a P/E/G ratio of 2.62 and a beta of 1.47.

Atlas Copco (OTCMKTS:ATLKY - Get Free Report) last released its quarterly earnings results on Tuesday, January 27th. The industrial products company reported $0.14 EPS for the quarter, missing analysts' consensus estimates of $0.15 by ($0.01). Atlas Copco had a return on equity of 24.94% and a net margin of 15.70%.The firm had revenue of $4.80 billion for the quarter, compared to analyst estimates of $4.68 billion. Equities research analysts forecast that Atlas Copco will post 0.62 EPS for the current year.

Wall Street Analysts Forecast Growth

A number of research firms recently commented on ATLKY. Pareto Securities cut Atlas Copco from a "buy" rating to a "hold" rating in a report on Tuesday, January 27th. Deutsche Bank Aktiengesellschaft restated a "hold" rating on shares of Atlas Copco in a research report on Friday, January 16th. Sanford C. Bernstein upgraded Atlas Copco from a "hold" rating to an "outperform" rating in a report on Wednesday, January 7th. Citigroup reissued a "buy" rating on shares of Atlas Copco in a research report on Thursday, April 9th. Finally, The Goldman Sachs Group lowered shares of Atlas Copco from a "strong-buy" rating to a "neutral" rating in a report on Thursday, February 5th. One research analyst has rated the stock with a Strong Buy rating, four have assigned a Buy rating, three have issued a Hold rating and one has issued a Sell rating to the company's stock. Based on data from MarketBeat, Atlas Copco currently has a consensus rating of "Moderate Buy".

Atlas Copco Company Profile

Atlas Copco is a Sweden-based industrial group that develops, manufactures and services equipment and solutions for professional customers in a broad range of industries. The company's core activities center on compressed air and gas systems, vacuum solutions, construction and mining equipment, industrial tools and assembly systems, and power and flow equipment. Products and services span new-equipment sales, aftermarket parts, maintenance and technical support aimed at improving productivity, energy efficiency and safety for industrial operations.

Key product categories include stationary and portable air compressors, air treatment and gas generation systems, industrial vacuum pumps, generators and light towers, drilling rigs and rock excavation equipment for mining and construction, as well as electric and pneumatic tools and automated assembly systems for manufacturing.

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