Atlas Copco AB (OTCMKTS:ATLKY) Sees Large Growth in Short Interest

Atlas Copco AB (OTCMKTS:ATLKY - Get Free Report) was the target of a significant increase in short interest during the month of May. As of May 15th, there was short interest totalling 99,800 shares, an increase of 362.0% from the April 30th total of 21,600 shares. Approximately 0.0% of the company's stock are short sold. Based on an average daily trading volume, of 566,900 shares, the short-interest ratio is presently 0.2 days.

Atlas Copco Stock Down 1.6%

OTCMKTS:ATLKY traded down $0.26 during mid-day trading on Friday, reaching $16.12. The stock had a trading volume of 2,155,126 shares, compared to its average volume of 432,076. The company has a debt-to-equity ratio of 0.28, a current ratio of 1.72 and a quick ratio of 1.20. The company has a market capitalization of $78.59 billion, a price-to-earnings ratio of 27.79, a price-to-earnings-growth ratio of 4.99 and a beta of 1.40. Atlas Copco has a 1-year low of $13.41 and a 1-year high of $20.03. The stock's 50 day simple moving average is $15.83 and its two-hundred day simple moving average is $16.27.

Atlas Copco (OTCMKTS:ATLKY - Get Free Report) last issued its earnings results on Tuesday, April 29th. The industrial products company reported $0.13 EPS for the quarter, missing the consensus estimate of $0.14 by ($0.01). The firm had revenue of $4.43 billion during the quarter, compared to analyst estimates of $45.27 billion. Atlas Copco had a return on equity of 28.31% and a net margin of 16.84%. Equities analysts anticipate that Atlas Copco will post 0.55 EPS for the current year.

Analyst Upgrades and Downgrades

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

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.