Short Interest in Atlas Copco AB (OTCMKTS:ATLKY) Declines By 95.3%

Atlas Copco AB (OTCMKTS:ATLKY) was the recipient of a significant drop in short interest in April. As of April 15th, there was short interest totaling 13,239 shares, a drop of 95.3% from the March 31st total of 283,744 shares. Based on an average daily volume of 450,442 shares, the days-to-cover ratio is currently 0.0 days. Approximately 0.0% of the shares of the stock are sold short.

Analyst Ratings Changes

Several research firms recently issued reports on ATLKY. Deutsche Bank Aktiengesellschaft reiterated a “hold” rating on shares of Atlas Copco in a research report on Friday, January 16th. Pareto Securities cut Atlas Copco from a “buy” rating to a “hold” rating in a research report on Tuesday, January 27th. The Goldman Sachs Group cut Atlas Copco from a “strong-buy” rating to a “neutral” rating in a research report on Thursday, February 5th. Citigroup restated a “buy” rating on shares of Atlas Copco in a report on Thursday, April 9th. Finally, Sanford C. Bernstein upgraded Atlas Copco from a “hold” rating to an “outperform” rating in a report on Wednesday, January 7th. One equities research analyst has rated the stock with a Strong Buy rating, four have given a Buy rating, three have issued a Hold rating and one has assigned a Sell rating to the company. Based on data from MarketBeat.com, the company currently has an average rating of “Moderate Buy”.

Atlas Copco Stock Performance

OTCMKTS ATLKY opened at $20.77 on Friday. The stock has a market capitalization of $101.16 billion, a PE ratio of 37.76, a P/E/G ratio of 2.62 and a beta of 1.47. The business has a 50 day simple moving average of $19.39 and a two-hundred day simple moving average of $18.74. The company has a debt-to-equity ratio of 0.26, a current ratio of 1.55 and a quick ratio of 1.08. Atlas Copco has a 1-year low of $14.89 and a 1-year high of $22.05.

Atlas Copco (OTCMKTS:ATLKY) last released its quarterly earnings results on Tuesday, January 27th. The industrial products company reported $0.14 earnings per share for the quarter, missing the consensus estimate of $0.15 by ($0.01). The firm had revenue of $4.80 billion for the quarter, compared to analysts’ expectations of $4.68 billion. Atlas Copco had a net margin of 15.70% and a return on equity of 24.94%. On average, research analysts predict that Atlas Copco will post 0.62 EPS for the current fiscal 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.