Atlas Copco AB (OTCMKTS:ATLKY) Sees Significant Growth in Short Interest

Atlas Copco AB (OTCMKTS:ATLKY) was the target of a large growth in short interest in the month of December. As of December 15th, there was short interest totaling 150,816 shares, a growth of 70.5% from the November 30th total of 88,447 shares. Currently, 0.0% of the company’s stock are short sold. Based on an average daily trading volume, of 341,203 shares, the days-to-cover ratio is presently 0.4 days. Based on an average daily trading volume, of 341,203 shares, the days-to-cover ratio is presently 0.4 days. Currently, 0.0% of the company’s stock are short sold.

Atlas Copco Price Performance

Shares of OTCMKTS:ATLKY opened at $18.28 on Friday. Atlas Copco has a 12 month low of $13.41 and a 12 month high of $18.55. The firm has a market capitalization of $89.12 billion, a P/E ratio of 32.64, a P/E/G ratio of 9.19 and a beta of 1.40. The company has a debt-to-equity ratio of 0.27, a current ratio of 1.52 and a quick ratio of 1.09. The company’s fifty day moving average price is $17.22 and its 200 day moving average price is $16.65.

Atlas Copco (OTCMKTS:ATLKY) last released its quarterly earnings data on Thursday, October 23rd. The industrial products company reported $0.14 earnings per share (EPS) for the quarter, meeting the consensus estimate of $0.14. Atlas Copco had a net margin of 16.08% and a return on equity of 25.42%. The company had revenue of $4.43 billion during the quarter, compared to the consensus estimate of $4.42 billion. As a group, sell-side analysts predict that Atlas Copco will post 0.55 earnings per share for the current fiscal year.

Wall Street Analysts Forecast Growth

Several brokerages recently weighed in on ATLKY. Barclays raised shares of Atlas Copco from a “hold” rating to an “overweight” rating in a report on Wednesday, December 3rd. Citigroup restated a “buy” rating on shares of Atlas Copco in a report on Tuesday, October 28th. UBS Group downgraded shares of Atlas Copco to a “sell” rating in a research note on Tuesday, October 28th. BNP Paribas upgraded Atlas Copco from a “hold” rating to an “outperform” rating in a research note on Thursday, September 4th. Finally, Deutsche Bank Aktiengesellschaft reaffirmed a “hold” rating on shares of Atlas Copco in a report on Monday, October 27th. Three analysts have rated the stock with a Buy rating, two have assigned a Hold rating and one has issued a Sell rating to the company’s stock. According to MarketBeat, the company has a consensus rating of “Hold”.

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.