Atlas Copco AB (OTCMKTS:ATLKY) Sees Significant Increase in Short Interest

Atlas Copco AB (OTCMKTS:ATLKY) saw a significant growth in short interest in the month of September. As of September 15th, there was short interest totalling 35,500 shares, a growth of 23.7% from the August 31st total of 28,700 shares. Based on an average daily volume of 329,000 shares, the days-to-cover ratio is currently 0.1 days.

Atlas Copco Price Performance

Shares of ATLKY stock traded up $0.12 during midday trading on Friday, hitting $19.53. 89,534 shares of the company were exchanged, compared to its average volume of 334,212. The firm’s 50 day moving average price is $17.58 and its two-hundred day moving average price is $17.97. The company has a debt-to-equity ratio of 0.32, a quick ratio of 1.02 and a current ratio of 1.51. Atlas Copco has a 52 week low of $12.33 and a 52 week high of $20.03.

Atlas Copco (OTCMKTS:ATLKY) last posted its earnings results on Thursday, July 18th. The industrial products company reported $0.15 earnings per share for the quarter, topping analysts’ consensus estimates of $0.14 by $0.01. The company had revenue of $4.19 billion during the quarter. Atlas Copco had a return on equity of 30.38% and a net margin of 16.59%. As a group, equities analysts forecast that Atlas Copco will post 0.59 earnings per share for the current fiscal year.

Atlas Copco Company Profile

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.