Atlas Copco AB (OTCMKTS:ATLKY) Shares Shorted: Short Interest Down 76.8% in October

Atlas Copco AB (OTCMKTS:ATLKY) was the recipient of a significant decline in short interest in the month of October. As of October 30th, there was short interest totaling 13,293 shares, a decline of 76.8% from the October 15th total of 57,390 shares. Based on an average daily trading volume, of 809,687 shares, the short-interest ratio is presently 0.0 days. Approximately 0.0% of the company’s shares are sold short.

Atlas Copco Trading Down 0.1%

ATLKY opened at $19.12 on Friday. The company has a quick ratio of 0.87, a current ratio of 1.44 and a debt-to-equity ratio of 0.27. Atlas Copco has a 52 week low of $15.69 and a 52 week high of $22.42. The stock has a market cap of $93.13 billion, a PE ratio of 32.44, a PEG ratio of 1.47 and a beta of 1.41. The business has a 50 day moving average of $20.03 and a 200-day moving average of $20.03.

Atlas Copco (OTCMKTS:ATLKY) last issued its quarterly earnings results on Thursday, October 22nd. The industrial products company reported $0.16 earnings per share for the quarter, missing the consensus estimate of $0.17 by ($0.01). The firm had revenue of $4.83 billion during the quarter, compared to analysts’ expectations of $4.79 billion. Atlas Copco had a return on equity of 24.35% and a net margin of 15.69%. Equities research analysts predict that Atlas Copco will post 0.64 earnings per share for the current fiscal year.

Analysts Set New Price Targets

A number of brokerages recently commented on ATLKY. The Goldman Sachs Group upgraded Atlas Copco from a “neutral” rating to a “buy” rating in a report on Wednesday, July 22nd. Royal Bank Of Canada reiterated an “underperform” rating on shares of Atlas Copco in a report on Wednesday, August 5th. Morgan Stanley reissued an “overweight” rating on shares of Atlas Copco in a research report on Tuesday, September 1st. Finally, Citigroup reissued a “buy” rating on shares of Atlas Copco in a research report on Tuesday, October 13th. One research analyst has rated the stock with a Strong Buy rating, five have issued a Buy rating, two have issued a Hold rating and one has issued a Sell rating to the stock. According to MarketBeat, Atlas Copco has an average rating of “Moderate Buy”.

Atlas Copco Company Profile

Atlas Copco is a Swedish industrial company that develops and manufactures equipment and services for businesses across a range of industries. Its products include air and gas compressors, vacuum systems, industrial tools and assembly solutions, pumps, and power equipment. The company organizes its operations around compressor, vacuum, industrial, and power technologies. It also provides related services such as equipment maintenance and support. Atlas Copco serves customers in markets around the world.