Atlas Technical Consultants, Inc. (NASDAQ:ATCX) Short Interest Update

Atlas Technical Consultants, Inc. (NASDAQ:ATCX) was the target of a large drop in short interest during the month of July. As of July 31st, there was short interest totaling 38,208 shares, a drop of 47.8% from the July 15th total of 73,181 shares. Currently, 1.1% of the company’s shares are short sold. Based on an average daily volume of 10,571 shares, the short-interest ratio is presently 3.6 days.

Analysts Set New Price Targets

A number of research firms have commented on ATCX. Weiss Ratings reiterated a “sell (e+)” rating on shares of Atlas Technical Consultants in a research report on Wednesday, May 27th. HC Wainwright restated a “buy” rating and set a $13.75 price objective on shares of Atlas Technical Consultants in a research report on Wednesday, July 1st. ThinkEquity assumed coverage on Atlas Technical Consultants in a research note on Tuesday, May 26th. They issued a “buy” rating on the stock. Finally, Zacks Research upgraded Atlas Technical Consultants to a “hold” rating in a report on Friday, April 24th. Three investment analysts have rated the stock with a Buy rating, one has issued a Hold rating and one has given a Sell rating to the stock. Based on data from MarketBeat, Atlas Technical Consultants presently has an average rating of “Hold” and an average target price of $27.88.

Atlas Technical Consultants Price Performance

ATCX stock traded up $0.24 during midday trading on Friday, hitting $3.40. The stock had a trading volume of 13,707 shares, compared to its average volume of 11,834. The business has a fifty day moving average price of $3.42 and a two-hundred day moving average price of $5.02. Atlas Technical Consultants has a 1-year low of $2.57 and a 1-year high of $47.16.

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.