ATS Automation Tooling Systems Inc. (OTCMKTS:ATSAF) Sees Large Drop in Short Interest

ATS Automation Tooling Systems Inc. (OTCMKTS:ATSAF – Get Rating) was the recipient of a large decline in short interest in the month of April. As of April 30th, there was short interest totalling 130,300 shares, a decline of 14.0% from the April 15th total of 151,500 shares. Based on an average daily trading volume, of 1,400 shares, the short-interest ratio is currently 93.1 days.

Several brokerages recently issued reports on ATSAF. Stifel Nicolaus boosted their price objective on shares of ATS Automation Tooling Systems from C$61.00 to C$66.00 in a report on Thursday, February 3rd. National Bank Financial lifted their target price on ATS Automation Tooling Systems from C$64.00 to C$66.00 in a research report on Thursday, February 3rd. Finally, TD Securities dropped their target price on ATS Automation Tooling Systems from C$64.00 to C$51.00 in a research report on Monday.

OTCMKTS ATSAF opened at $26.54 on Wednesday. The stock has a 50-day moving average of $31.69 and a two-hundred day moving average of $36.16. ATS Automation Tooling Systems has a 1-year low of $23.83 and a 1-year high of $42.17.

ATS Automation Tooling Systems Company Profile (Get Rating)

ATS Automation Tooling Systems Inc, together with its subsidiaries, provides automation solutions worldwide. The company is also involved in the planning, designing, building, commissioning, and servicing automated manufacturing and assembly systems, including automation products and test solutions. It offers enterprise solutions in the areas of project management; partners/suppliers/vendors team selection and coordination; facility layouts and operational design; business case development and project justification; post project service, spare parts, and support; and system design, built, integration, commissioning, validation, training and start up.

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