Atlas Copco AB (OTCMKTS:ATLKY) Short Interest Down 75.8% in May

Atlas Copco AB (OTCMKTS:ATLKY) was the target of a significant decline in short interest during the month of May. As of May 29th, there was short interest totaling 126,573 shares, a decline of 75.8% from the May 14th total of 521,973 shares. Currently, 0.0% of the company’s stock are short sold. Based on an average daily trading volume, of 763,267 shares, the short-interest ratio is currently 0.2 days.

Wall Street Analysts Forecast Growth

ATLKY has been the topic of a number of recent analyst reports. Rothschild & Co Redburn upgraded shares of Atlas Copco from a “hold” rating to a “strong-buy” rating in a report on Monday, April 20th. Citigroup restated a “buy” rating on shares of Atlas Copco in a report on Thursday, April 9th. Royal Bank Of Canada restated an “underperform” rating on shares of Atlas Copco in a report on Thursday, April 30th. Finally, Deutsche Bank Aktiengesellschaft reaffirmed a “hold” rating on shares of Atlas Copco in a research report on Wednesday, April 29th. One research analyst has rated the stock with a Strong Buy rating, four have given a Buy rating, three have given a Hold rating and two have assigned a Sell rating to the stock. According to data from MarketBeat.com, the stock currently has an average rating of “Hold”.

Atlas Copco Trading Down 1.4%

Shares of Atlas Copco stock opened at $18.86 on Thursday. The firm has a 50-day moving average of $19.25 and a 200-day moving average of $19.20. The stock has a market cap of $91.86 billion, a PE ratio of 33.68, a PEG ratio of 2.25 and a beta of 1.44. Atlas Copco has a 52-week low of $14.89 and a 52-week high of $22.05. The company has a debt-to-equity ratio of 0.26, a quick ratio of 1.08 and a current ratio of 1.55.

Atlas Copco (OTCMKTS:ATLKY) last posted its quarterly earnings results on Tuesday, April 28th. The industrial products company reported $0.14 EPS for the quarter, meeting analysts’ consensus estimates of $0.14. The business had revenue of $4.36 billion during 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, sell-side analysts forecast that Atlas Copco will post 0.66 EPS for the current year.

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.