Atlas Technical Consultants, Inc. (NASDAQ:ATCX) Sees Significant Increase in Short Interest

Atlas Technical Consultants, Inc. (NASDAQ:ATCX) was the target of a significant increase in short interest during the month of October. As of October 15th, there was short interest totaling 54,495 shares, an increase of 144.1% from the September 30th total of 22,321 shares. Approximately 1.6% of the company’s stock are sold short. Based on an average trading volume of 27,965 shares, the days-to-cover ratio is currently 1.9 days.

Atlas Technical Consultants Stock Performance

Shares of Atlas Technical Consultants stock traded down $0.17 during trading on Friday, hitting $1.90. The company’s stock had a trading volume of 13,928 shares, compared to its average volume of 42,941. Atlas Technical Consultants has a 52 week low of $1.90 and a 52 week high of $39.60. The stock has a 50-day moving average price of $2.89 and a two-hundred day moving average price of $4.64.

Analysts Set New Price Targets

Several research firms have commented on ATCX. HC Wainwright reiterated a “buy” rating on shares of Atlas Technical Consultants in a report on Tuesday, October 6th. Weiss Ratings cut shares of Atlas Technical Consultants from a “sell (d-)” rating to a “sell (e+)” rating in a report on Tuesday, October 20th. Three investment analysts have rated the stock with a Buy rating, one has assigned a Hold rating and one has given a Sell rating to the company’s stock. According to data from MarketBeat, the company has a consensus rating of “Hold” and an average price target of $27.88.

Atlas Technical Consultants Company Profile

Atlas Technical Consultants, Inc was an infrastructure and environmental services company that provided engineering, testing, inspection and consulting solutions for public- and private-sector clients. Based in Austin, Texas, the company supported the development, maintenance and improvement of transportation, buildings, utilities and other civil infrastructure.

Its services included construction quality assurance, materials testing, geotechnical engineering, environmental consulting, infrastructure inspection, surveying, engineering design and program management.