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

Atlas Copco AB (OTCMKTS:ATLKY) was the target of a large increase in short interest in February. As of February 13th, there was short interest totaling 525,347 shares, an increase of 430.1% from the January 29th total of 99,108 shares. Approximately 0.0% of the shares of the company are short sold. Based on an average trading volume of 573,996 shares, the short-interest ratio is presently 0.9 days. Based on an average trading volume of 573,996 shares, the short-interest ratio is presently 0.9 days. Approximately 0.0% of the shares of the company are short sold.

Wall Street Analyst Weigh In

A number of equities analysts have commented on the stock. Pareto Securities downgraded shares of Atlas Copco from a “buy” rating to a “hold” rating in a report on Tuesday, January 27th. Sanford C. Bernstein raised shares of Atlas Copco from a “hold” rating to an “outperform” rating in a report on Wednesday, January 7th. Deutsche Bank Aktiengesellschaft reiterated a “hold” rating on shares of Atlas Copco in a research note on Friday, January 16th. Barclays upgraded Atlas Copco from a “hold” rating to an “overweight” rating in a research note on Wednesday, December 3rd. Finally, The Goldman Sachs Group cut Atlas Copco from a “strong-buy” rating to a “neutral” rating in a research report on Thursday, February 5th. Four investment analysts have rated the stock with a Buy rating, four have issued a Hold rating and one has given a Sell rating to the company’s stock. According to data from MarketBeat.com, Atlas Copco currently has an average rating of “Hold”.

Atlas Copco Trading Up 0.6%

Atlas Copco stock opened at $21.83 on Thursday. Atlas Copco has a 52-week low of $13.41 and a 52-week high of $22.05. The company has a quick ratio of 1.08, a current ratio of 1.55 and a debt-to-equity ratio of 0.26. The firm has a market capitalization of $106.42 billion, a price-to-earnings ratio of 39.69, a PEG ratio of 2.98 and a beta of 1.42. The firm has a 50-day moving average price of $20.14 and a two-hundred day moving average price of $18.01.

Atlas Copco (OTCMKTS:ATLKY) last announced its quarterly earnings results on Tuesday, January 27th. The industrial products company reported $0.14 EPS for the quarter, missing the consensus estimate of $0.15 by ($0.01). The firm had revenue of $4.80 billion during the quarter, compared to analyst estimates of $4.68 billion. Atlas Copco had a net margin of 15.70% and a return on equity of 24.94%. Sell-side analysts expect that Atlas Copco will post 0.55 earnings per share for the current year.

About Atlas Copco

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.