Atlas Copco AB (OTCMKTS:ATLKY) Sees Large Growth in Short Interest

Atlas Copco AB (OTCMKTS:ATLKY) saw a large increase in short interest in June. As of June 15th, there was short interest totaling 391,775 shares, an increase of 209.5% from the May 31st total of 126,573 shares. Based on an average trading volume of 1,729,606 shares, the short-interest ratio is presently 0.2 days. Approximately 0.0% of the shares of the stock are short sold.

Wall Street Analysts Forecast Growth

A number of research analysts have weighed in on the stock. Deutsche Bank Aktiengesellschaft reissued a “hold” rating on shares of Atlas Copco in a research note on Wednesday, April 29th. Rothschild & Co Redburn upgraded Atlas Copco from a “hold” rating to a “strong-buy” rating in a research report on Monday, April 20th. Royal Bank Of Canada reissued an “underperform” rating on shares of Atlas Copco in a research note on Thursday, April 30th. Finally, Citigroup restated a “buy” rating on shares of Atlas Copco in a report on Wednesday. One analyst has rated the stock with a Strong Buy rating, four have issued a Buy rating, three have issued a Hold rating and two have given a Sell rating to the stock. According to MarketBeat.com, the stock presently has a consensus rating of “Hold”.

Atlas Copco Stock Performance

OTCMKTS:ATLKY opened at $19.44 on Monday. Atlas Copco has a fifty-two week low of $14.89 and a fifty-two week high of $22.05. The company has a debt-to-equity ratio of 0.26, a quick ratio of 1.08 and a current ratio of 1.55. The company has a 50 day moving average price of $19.57 and a 200 day moving average price of $19.46. The stock has a market capitalization of $94.68 billion, a P/E ratio of 34.71, a PEG ratio of 2.01 and a beta of 1.44.

Atlas Copco (OTCMKTS:ATLKY) last announced its earnings results on Tuesday, April 28th. The industrial products company reported $0.14 earnings per share (EPS) for the quarter, meeting analysts’ consensus estimates of $0.14. Atlas Copco had a return on equity of 25.21% and a net margin of 15.69%.The company had revenue of $4.36 billion for the quarter, compared to analyst estimates of $4.46 billion. Equities research analysts forecast that Atlas Copco will post 0.66 EPS for the current 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.