Atlas Copco AB (OTCMKTS:ATLKY) Short Interest Down 94.2% in February

Atlas Copco AB (OTCMKTS:ATLKY) was the target of a significant drop in short interest during the month of February. As of February 27th, there was short interest totaling 30,349 shares, a drop of 94.2% from the February 12th total of 525,347 shares. Based on an average daily volume of 343,211 shares, the days-to-cover ratio is currently 0.1 days. Approximately 0.0% of the company’s shares are short sold. Approximately 0.0% of the company’s shares are short sold. Based on an average daily volume of 343,211 shares, the days-to-cover ratio is currently 0.1 days.

Atlas Copco Stock Performance

Shares of ATLKY stock opened at $19.36 on Wednesday. The company has a current ratio of 1.55, a quick ratio of 1.08 and a debt-to-equity ratio of 0.26. The company has a market cap of $94.38 billion, a PE ratio of 35.20, a P/E/G ratio of 2.62 and a beta of 1.41. The company’s fifty day simple moving average is $20.52 and its 200-day simple moving average is $18.32. Atlas Copco has a 52 week low of $13.41 and a 52 week high of $22.05.

Atlas Copco (OTCMKTS:ATLKY) last announced its quarterly earnings results on Tuesday, January 27th. The industrial products company reported $0.14 earnings per share for the quarter, missing analysts’ consensus estimates of $0.15 by ($0.01). Atlas Copco had a return on equity of 24.94% and a net margin of 15.70%.The business had revenue of $4.80 billion for the quarter, compared to analysts’ expectations of $4.68 billion. As a group, equities research analysts anticipate that Atlas Copco will post 0.55 EPS for the current year.

Analyst Ratings Changes

Several equities research analysts recently issued reports on ATLKY shares. Citigroup reissued a “buy” rating on shares of Atlas Copco in a research report on Thursday, January 22nd. Sanford C. Bernstein upgraded shares of Atlas Copco from a “hold” rating to an “outperform” rating in a report on Wednesday, January 7th. Pareto Securities downgraded Atlas Copco from a “buy” rating to a “hold” rating in a report on Tuesday, January 27th. Barclays raised Atlas Copco from a “hold” rating to an “overweight” rating in a research report on Wednesday, December 3rd. Finally, The Goldman Sachs Group lowered Atlas Copco from a “strong-buy” rating to a “neutral” rating in a research note on Thursday, February 5th. Four research analysts have rated the stock with a Buy rating, four have issued a Hold rating and one has issued a Sell rating to the company’s stock. According to data from MarketBeat, the stock presently 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.