Short Interest in Atlas Technical Consultants, Inc. (NASDAQ:ATCX) Drops By 65.3%

Atlas Technical Consultants, Inc. (NASDAQ:ATCX) was the recipient of a large drop in short interest during the month of June. As of June 30th, there was short interest totaling 28,772 shares, a drop of 65.3% from the June 15th total of 82,867 shares. Currently, 0.1% of the company’s stock are sold short. Based on an average daily trading volume, of 11,148 shares, the short-interest ratio is currently 2.6 days.

Wall Street Analysts Forecast Growth

Several equities research analysts have recently issued reports on ATCX shares. HC Wainwright reaffirmed a “buy” rating and set a $13.75 target price on shares of Atlas Technical Consultants in a research report on Wednesday, July 1st. ThinkEquity began coverage on shares of Atlas Technical Consultants in a research note on Tuesday, May 26th. They issued a “buy” rating on the stock. Weiss Ratings restated a “sell (e+)” rating on shares of Atlas Technical Consultants in a research note on Wednesday, May 27th. Wall Street Zen downgraded Atlas Technical Consultants from a “hold” rating to a “sell” rating in a research note on Saturday, April 11th. Finally, Zacks Research raised Atlas Technical Consultants to a “hold” rating in a research report on Friday, April 24th. Three equities research analysts have rated the stock with a Buy rating, one has issued a Hold rating and one has issued a Sell rating to the stock. According to data from MarketBeat.com, the company has a consensus rating of “Hold” and an average price target of $27.88.

Atlas Technical Consultants Price Performance

NASDAQ ATCX opened at $3.79 on Monday. The company has a market cap of $13.17 million, a PE ratio of -17.23 and a beta of 1.07. Atlas Technical Consultants has a 52 week low of $3.47 and a 52 week high of $47.16. The firm’s 50-day simple moving average is $4.31 and its two-hundred day simple moving average is $6.34.

Atlas Technical Consultants Company Profile

Atlas Technical Consultants, Inc provides professional testing, inspection, engineering, environmental, and program management and consulting services in the United States. The company provides a range of technical services that helps its clients test, inspect, plan, design, certify, and manage various projects across various end markets. It offers testing, inspection, and certification services, such as construction materials testing; non-destructive testing and evaluations, materials testing and inspection, laboratory, and geophysics; construction quality assurance; owner verification and inspection; forensic and structural investigations; and materials laboratory services.