Short Interest in Atlas Copco AB (OTCMKTS:ATLKY) Decreases By 31.0%

Atlas Copco AB (OTCMKTS:ATLKY) was the recipient of a significant drop in short interest in March. As of March 13th, there was short interest totaling 20,938 shares, a drop of 31.0% from the February 26th total of 30,349 shares. Currently, 0.0% of the shares of the stock are sold short. Based on an average daily trading volume, of 463,736 shares, the short-interest ratio is currently 0.0 days.

Atlas Copco Stock Down 1.5%

Shares of ATLKY opened at $16.87 on Friday. The company’s 50-day moving average price is $20.12 and its 200 day moving average price is $18.45. Atlas Copco has a 12-month low of $13.41 and a 12-month high of $22.05. The company has a current ratio of 1.55, a quick ratio of 1.08 and a debt-to-equity ratio of 0.26. The firm has a market cap of $82.24 billion, a P/E ratio of 30.67, a price-to-earnings-growth ratio of 2.43 and a beta of 1.41.

Atlas Copco (OTCMKTS:ATLKY) last announced its quarterly earnings results on Tuesday, January 27th. The industrial products company reported $0.14 earnings per share 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 24.94%. The company had revenue of $4.80 billion for the quarter, compared to analyst estimates of $4.68 billion. On average, sell-side analysts forecast that Atlas Copco will post 0.55 earnings per share for the current year.

Wall Street Analyst Weigh In

A number of research analysts have weighed in on ATLKY shares. Sanford C. Bernstein raised shares of Atlas Copco from a “hold” rating to an “outperform” rating in a research note on Wednesday, January 7th. 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 report on Tuesday, January 27th. The Goldman Sachs Group cut shares of Atlas Copco from a “strong-buy” rating to a “neutral” rating in a research report on Thursday, February 5th. Finally, Barclays upgraded shares of Atlas Copco from a “hold” rating to an “overweight” rating in a research report on Wednesday, December 3rd. Four equities research analysts have rated the stock with a Buy rating, four have assigned a Hold rating and one has assigned a Sell rating to the company’s stock. According to data from MarketBeat.com, the stock presently 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.