Atlas Copco AB (OTCMKTS:ATLKY) Short Interest Down 42.7% in January

Atlas Copco AB (OTCMKTS:ATLKY) was the target of a significant drop in short interest during the month of January. As of January 15th, there was short interest totaling 224,919 shares, a drop of 42.7% from the December 31st total of 392,439 shares. Based on an average daily trading volume, of 377,539 shares, the short-interest ratio is currently 0.6 days. Approximately 0.0% of the company’s shares are sold short. Approximately 0.0% of the company’s shares are sold short. Based on an average daily trading volume, of 377,539 shares, the short-interest ratio is currently 0.6 days.

Atlas Copco Stock Performance

ATLKY opened at $20.65 on Friday. The company has a current ratio of 1.52, a quick ratio of 1.09 and a debt-to-equity ratio of 0.27. Atlas Copco has a 1-year low of $13.41 and a 1-year high of $21.46. The company has a market cap of $100.67 billion, a price-to-earnings ratio of 37.55, a PEG ratio of 2.88 and a beta of 1.40. The company’s fifty day moving average price is $18.70 and its two-hundred day moving average price is $17.29.

Atlas Copco (OTCMKTS:ATLKY) last released its quarterly earnings results on Tuesday, January 27th. The industrial products company reported $0.14 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.15 by ($0.01). Atlas Copco had a net margin of 15.70% and a return on equity of 25.29%. The company had revenue of $4.80 billion for the quarter, compared to analyst estimates of $4.68 billion. On average, analysts expect that Atlas Copco will post 0.55 EPS for the current fiscal year.

Analysts Set New Price Targets

A number of brokerages have commented on ATLKY. UBS Group cut shares of Atlas Copco to a “sell” rating in a research report on Tuesday, October 28th. Sanford C. Bernstein upgraded Atlas Copco from a “hold” rating to an “outperform” rating in a research report on Wednesday, January 7th. Barclays upgraded 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 Thursday, January 22nd. Finally, Pareto Securities lowered shares of Atlas Copco from a “buy” rating to a “hold” rating in a research note on Tuesday. Four investment analysts have rated the stock with a Buy rating, three have given a Hold rating and one has issued a Sell rating to the stock. According to data from MarketBeat, the company has an average rating of “Hold”.

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.