Atlas Copco AB (OTCMKTS:ATLKY) Short Interest Down 57.0% in August

Atlas Copco AB (OTCMKTS:ATLKY) saw a large decrease in short interest in August. As of August 31st, there was short interest totaling 67,277 shares, a decrease of 57.0% from the August 15th total of 156,603 shares. Currently, 0.0% of the shares of the company are short sold. Based on an average trading volume of 418,350 shares, the days-to-cover ratio is presently 0.2 days.

Atlas Copco Stock Performance

Shares of OTCMKTS ATLKY opened at $20.94 on Monday. The company has a debt-to-equity ratio of 0.25, a quick ratio of 0.87 and a current ratio of 1.27. The company has a market cap of $101.99 billion, a P/E ratio of 36.74, a P/E/G ratio of 1.89 and a beta of 1.41. The firm’s fifty day moving average is $21.03 and its two-hundred day moving average is $19.91. Atlas Copco has a 52-week low of $15.69 and a 52-week high of $22.42.

Atlas Copco (OTCMKTS:ATLKY) last announced its quarterly earnings results on Thursday, July 16th. The industrial products company reported $0.15 EPS for the quarter, missing the consensus estimate of $0.16 by ($0.01). The company had revenue of $4.66 billion during the quarter, compared to analysts’ expectations of $4.61 billion. Atlas Copco had a return on equity of 24.10% and a net margin of 15.66%. As a group, analysts anticipate that Atlas Copco will post 0.66 EPS for the current fiscal year.

Wall Street Analyst Weigh In

ATLKY has been the subject of a number of recent analyst reports. Citigroup reiterated a “buy” rating on shares of Atlas Copco in a research report on Tuesday, September 8th. Royal Bank Of Canada restated an “underperform” rating on shares of Atlas Copco in a research note on Wednesday, August 5th. The Goldman Sachs Group raised shares of Atlas Copco from a “neutral” rating to a “buy” rating in a report on Wednesday, July 22nd. Finally, Morgan Stanley reiterated an “overweight” rating on shares of Atlas Copco in a research note on Tuesday, September 1st. One research analyst has rated the stock with a Strong Buy rating, five have assigned a Buy rating, two have assigned a Hold rating and two have issued a Sell rating to the company. According to data from MarketBeat.com, the company presently has an average rating of “Moderate Buy”.

Atlas Copco Company Profile

Atlas Copco AB is a Sweden-based industrial company that develops, manufactures and services equipment and solutions used in manufacturing, construction, mining, infrastructure and other industrial applications. Founded in Stockholm in 1873, the company has grown into a global group serving customers through operations and sales networks across North America, Europe, Asia, South America, Africa and Oceania.

Atlas Copco’s products include industrial air compressors, vacuum equipment, air treatment systems, gas and process equipment, portable power and flow solutions, and related aftermarket services.