Atlas Copco AB (OTCMKTS:ATLKY) Shares Shorted: Short Interest Up 54.2% in September

Atlas Copco AB (OTCMKTS:ATLKY) was the recipient of a large increase in short interest in the month of September. As of September 15th, there was short interest totaling 103,734 shares, an increase of 54.2% from the August 31st total of 67,277 shares. Approximately 0.0% of the company’s stock are sold short. Based on an average daily trading volume, of 537,205 shares, the days-to-cover ratio is presently 0.2 days.

Atlas Copco Stock Performance

Shares of Atlas Copco stock opened at $21.12 on Friday. The stock has a market capitalization of $102.87 billion, a price-to-earnings ratio of 37.05, a PEG ratio of 1.86 and a beta of 1.39. The firm has a fifty day moving average of $21.18 and a two-hundred day moving average of $19.96. The company has a debt-to-equity ratio of 0.25, a quick ratio of 0.87 and a current ratio of 1.27. Atlas Copco has a 52 week low of $15.69 and a 52 week high of $22.42.

Atlas Copco (OTCMKTS:ATLKY) last announced its earnings results on Thursday, July 16th. The industrial products company reported $0.15 earnings per share for the quarter, missing analysts’ consensus estimates of $0.16 by ($0.01). Atlas Copco had a return on equity of 24.10% and a net margin of 15.66%.The company had revenue of $4.66 billion during the quarter, compared to analyst estimates of $4.61 billion. As a group, equities research analysts predict that Atlas Copco will post 0.66 EPS for the current year.

Analyst Upgrades and Downgrades

ATLKY has been the subject of several analyst reports. Citigroup reaffirmed a “buy” rating on shares of Atlas Copco in a research note on Tuesday, September 8th. Morgan Stanley restated an “overweight” rating on shares of Atlas Copco in a research report on Tuesday, September 1st. The Goldman Sachs Group raised Atlas Copco from a “neutral” rating to a “buy” rating in a research report on Wednesday, July 22nd. Finally, Royal Bank Of Canada restated an “underperform” rating on shares of Atlas Copco in a research note on Wednesday, August 5th. One equities research analyst has rated the stock with a Strong Buy rating, five have issued a Buy rating, two have assigned a Hold rating and two have issued a Sell rating to the company’s stock. According to MarketBeat.com, Atlas Copco presently has a consensus rating of “Moderate Buy”.

Atlas Copco Company Profile

Atlas Copco AB is a Sweden-based industrial equipment and technology company founded in 1873. Headquartered in Nacka, Sweden, the company serves customers in manufacturing, construction, mining, infrastructure, energy and other industries through a global sales, service and distribution network.

Its product portfolio includes air compressors, dryers, gas and process systems, vacuum equipment, industrial power tools, assembly systems and automated manufacturing solutions. Atlas Copco also provides equipment and services for mining and construction, including drilling, rock excavation and related aftermarket support.