Short Interest in Atlas Copco AB (OTCMKTS:ATLKY) Grows By 231.7%

Atlas Copco AB (OTCMKTS:ATLKY) saw a large increase in short interest during the month of April. As of April 30th, there was short interest totaling 43,911 shares, an increase of 231.7% from the April 15th total of 13,239 shares. Based on an average daily volume of 1,005,641 shares, the short-interest ratio is presently 0.0 days. Approximately 0.0% of the shares of the stock are sold short.

Atlas Copco Trading Up 0.5%

ATLKY traded up $0.09 during midday trading on Thursday, hitting $19.08. 28,926 shares of the company were exchanged, compared to its average volume of 390,184. The firm has a market capitalization of $92.92 billion, a P/E ratio of 34.07, a P/E/G ratio of 2.25 and a beta of 1.47. Atlas Copco has a 1-year low of $14.89 and a 1-year high of $22.05. The firm’s 50 day moving average price is $18.94 and its 200-day moving average price is $18.89. The company has a quick ratio of 1.08, a current ratio of 1.55 and a debt-to-equity ratio of 0.26.

Atlas Copco (OTCMKTS:ATLKY) last announced its quarterly earnings data on Tuesday, April 28th. The industrial products company reported $0.14 earnings per share (EPS) for the quarter, meeting analysts’ consensus estimates of $0.14. The company had revenue of $4.36 billion for the quarter, compared to the consensus estimate of $4.46 billion. Atlas Copco had a return on equity of 25.21% and a net margin of 15.69%. As a group, equities analysts forecast that Atlas Copco will post 0.66 EPS for the current fiscal year.

Wall Street Analysts Forecast Growth

Several equities analysts have recently issued reports on the company. Citigroup reiterated a “buy” rating on shares of Atlas Copco in a research note on Thursday, April 9th. Pareto Securities downgraded Atlas Copco from a “buy” rating to a “hold” rating in a report on Tuesday, January 27th. Rothschild & Co Redburn raised Atlas Copco from a “hold” rating to a “strong-buy” rating in a report on Monday, April 20th. Deutsche Bank Aktiengesellschaft reaffirmed a “hold” rating on shares of Atlas Copco in a report on Wednesday, April 29th. Finally, The Goldman Sachs Group downgraded Atlas Copco from a “strong-buy” rating to a “neutral” rating in a report on Thursday, February 5th. One equities research analyst has rated the stock with a Strong Buy rating, four have assigned a Buy rating, three have issued a Hold rating and two have assigned a Sell rating to the company’s stock. According to MarketBeat, Atlas Copco presently has an average rating of “Hold”.

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.