Atlas Technical Consultants, Inc. (NASDAQ:ATCX) Sees Significant Growth in Short Interest

Atlas Technical Consultants, Inc. (NASDAQ:ATCX) was the target of a large growth in short interest in the month of July. As of July 15th, there was short interest totaling 73,181 shares, a growth of 154.3% from the June 30th total of 28,772 shares. Approximately 0.2% of the company’s shares are sold short. Based on an average daily trading volume, of 9,709 shares, the short-interest ratio is presently 7.5 days.

Atlas Technical Consultants Price Performance

ATCX stock traded up $0.02 during trading on Monday, reaching $3.01. The company had a trading volume of 3,595 shares, compared to its average volume of 55,643. Atlas Technical Consultants has a 52 week low of $2.79 and a 52 week high of $47.16. The business has a 50 day moving average of $3.85 and a 200 day moving average of $5.71. The company has a market cap of $10.46 million, a P/E ratio of -13.68 and a beta of 1.07.

Analyst Upgrades and Downgrades

Several brokerages have recently commented on ATCX. Weiss Ratings reaffirmed a “sell (e+)” rating on shares of Atlas Technical Consultants in a research note on Wednesday, May 27th. ThinkEquity initiated coverage on Atlas Technical Consultants in a research note on Tuesday, May 26th. They set a “buy” rating on the stock. Zacks Research upgraded Atlas Technical Consultants to a “hold” rating in a report on Friday, April 24th. HC Wainwright restated a “buy” rating and set a $13.75 target price on shares of Atlas Technical Consultants in a report on Wednesday, July 1st. Finally, Wall Street Zen lowered Atlas Technical Consultants from a “hold” rating to a “sell” rating in a research note on Saturday, April 11th. Three equities research analysts have rated the stock with a Buy rating, one has issued a Hold rating and one has assigned a Sell rating to the company. According to data from MarketBeat.com, the company currently has an average rating of “Hold” and an average target price of $27.88.

Atlas Technical Consultants Company Profile

Atlas Technical Consultants, Inc provides professional testing, inspection, engineering, environmental, and program management and consulting services in the United States. The company provides a range of technical services that helps its clients test, inspect, plan, design, certify, and manage various projects across various end markets. It offers testing, inspection, and certification services, such as construction materials testing; non-destructive testing and evaluations, materials testing and inspection, laboratory, and geophysics; construction quality assurance; owner verification and inspection; forensic and structural investigations; and materials laboratory services.