Atlas Copco AB (OTCMKTS:ATLKY) Short Interest Up 430.1% in February

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

Atlas Copco Trading Up 0.4%

Shares of OTCMKTS:ATLKY traded up $0.08 during trading on Wednesday, reaching $21.79. 110,340 shares of the company were exchanged, compared to its average volume of 241,356. The business’s fifty day simple moving average is $20.05 and its 200-day simple moving average is $17.99. 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 12-month low of $13.41 and a 12-month high of $22.05. The firm has a market capitalization of $106.23 billion, a PE ratio of 39.62, a P/E/G ratio of 2.95 and a beta of 1.42.

Atlas Copco (OTCMKTS:ATLKY) last announced its quarterly earnings data on Tuesday, January 27th. The industrial products company reported $0.14 earnings per share (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 the consensus estimate of $4.68 billion. Atlas Copco had a return on equity of 24.94% and a net margin of 15.70%. On average, research analysts anticipate that Atlas Copco will post 0.55 EPS for the current year.

Analyst Ratings Changes

A number of research analysts have weighed in on the stock. Deutsche Bank Aktiengesellschaft reiterated a “hold” rating on shares of Atlas Copco in a research report on Friday, January 16th. Citigroup reissued a “buy” rating on shares of Atlas Copco in a research report on Thursday, January 22nd. UBS Group lowered Atlas Copco to a “sell” rating in a research report on Tuesday, October 28th. Barclays upgraded Atlas Copco from a “hold” rating to an “overweight” rating in a report on Wednesday, December 3rd. Finally, Sanford C. Bernstein upgraded Atlas Copco from a “hold” rating to an “outperform” rating in a report on Wednesday, January 7th. Four research analysts have rated the stock with a Buy rating, four have assigned a Hold rating and one has issued a Sell rating to the stock. Based on data from MarketBeat, the stock 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.