Atlas Copco AB (OTCMKTS:ATLKY) Short Interest Update

Atlas Copco AB (OTCMKTS:ATLKY) was the target of a large increase in short interest during the month of December. As of December 31st, there was short interest totaling 392,439 shares, an increase of 161.4% from the December 15th total of 150,118 shares. Currently, 0.0% of the shares of the company are short sold. Based on an average daily volume of 669,651 shares, the short-interest ratio is presently 0.6 days. Based on an average daily volume of 669,651 shares, the short-interest ratio is presently 0.6 days. Currently, 0.0% of the shares of the company are short sold.

Atlas Copco Price Performance

ATLKY stock opened at $20.33 on Friday. Atlas Copco has a 1 year low of $13.41 and a 1 year high of $20.43. The company has a debt-to-equity ratio of 0.27, a current ratio of 1.52 and a quick ratio of 1.09. The stock has a market cap of $99.11 billion, a price-to-earnings ratio of 36.30, a P/E/G ratio of 8.89 and a beta of 1.40. The company has a 50 day simple moving average of $17.70 and a 200 day simple moving average of $16.95.

Atlas Copco (OTCMKTS:ATLKY) last announced its quarterly earnings results on Thursday, October 23rd. The industrial products company reported $0.14 EPS for the quarter, meeting analysts’ consensus estimates of $0.14. Atlas Copco had a return on equity of 25.42% and a net margin of 16.08%.The firm had revenue of $4.43 billion for the quarter, compared to analyst estimates of $4.42 billion. Research analysts anticipate that Atlas Copco will post 0.55 EPS for the current fiscal year.

Analysts Set New Price Targets

Several equities analysts recently commented on ATLKY shares. Sanford C. Bernstein upgraded shares of Atlas Copco from a “hold” rating to an “outperform” rating in a research note on Wednesday, January 7th. UBS Group cut shares of Atlas Copco to a “sell” rating in a report on Tuesday, October 28th. Barclays upgraded Atlas Copco from a “hold” rating to an “overweight” rating in a research note on Wednesday, December 3rd. Citigroup restated a “buy” rating on shares of Atlas Copco in a research note on Tuesday, October 28th. Finally, Deutsche Bank Aktiengesellschaft reaffirmed a “hold” rating on shares of Atlas Copco in a report on Monday, October 27th. Four equities research analysts have rated the stock with a Buy rating, two have given a Hold rating and one has given a Sell rating to the company. According to MarketBeat.com, the stock currently 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.