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

Atlas Copco AB (OTCMKTS:ATLKY) saw a large growth in short interest in May. As of May 31st, there was short interest totalling 554,400 shares, a growth of 455.5% from the May 15th total of 99,800 shares. Currently, 0.0% of the company’s stock are sold short. Based on an average trading volume of 1,447,700 shares, the short-interest ratio is presently 0.4 days.

Atlas Copco Stock Up 0.6%

OTCMKTS:ATLKY opened at $16.37 on Friday. Atlas Copco has a twelve month low of $13.41 and a twelve month high of $19.65. The firm has a market capitalization of $79.80 billion, a price-to-earnings ratio of 28.22, a price-to-earnings-growth ratio of 4.99 and a beta of 1.37. The company has a quick ratio of 1.20, a current ratio of 1.72 and a debt-to-equity ratio of 0.28. The stock’s 50 day moving average price is $15.93 and its two-hundred day moving average price is $16.30.

Atlas Copco (OTCMKTS:ATLKY) last posted its quarterly earnings results on Tuesday, April 29th. The industrial products company reported $0.13 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.14 by ($0.01). The firm had revenue of $4.43 billion for the quarter, compared to the consensus estimate of $45.27 billion. Atlas Copco had a return on equity of 28.31% and a net margin of 16.84%. Equities research analysts expect that Atlas Copco will post 0.55 earnings per share for the current fiscal year.

Wall Street Analyst Weigh In

Separately, Redburn Atlantic lowered Atlas Copco from a “strong-buy” rating to a “hold” rating in a report on Tuesday, April 15th.

About Atlas Copco

Atlas Copco AB provides compressed air and gas, vacuum, energy, dewatering and industrial pump, industrial power tool, and assembly and machine vision solutions in North America, South America, Europe, Africa, the Middle East, Asia, and Oceania. It operates through Compressor Technique, Vacuum Technique, Industrial Technique, and Power Technique segments.