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

Atlas Copco AB (OTCMKTS:ATLKYGet Free Report) saw a large increase in short interest in January. As of January 15th, there was short interest totalling 106,300 shares, an increase of 556.2% from the December 31st total of 16,200 shares. Based on an average trading volume of 448,500 shares, the days-to-cover ratio is presently 0.2 days.

Atlas Copco Stock Performance

ATLKY opened at $16.47 on Thursday. The firm’s fifty day simple moving average is $15.99 and its two-hundred day simple moving average is $16.99. Atlas Copco has a 52-week low of $15.00 and a 52-week high of $20.03. The company has a market cap of $80.29 billion, a price-to-earnings ratio of 29.41, a PEG ratio of 4.55 and a beta of 1.16. The company has a quick ratio of 1.08, a current ratio of 1.56 and a debt-to-equity ratio of 0.30.

Atlas Copco (OTCMKTS:ATLKYGet Free Report) last issued its quarterly earnings results on Tuesday, January 28th. The industrial products company reported $0.15 earnings per share for the quarter, beating analysts’ consensus estimates of $0.14 by $0.01. Atlas Copco had a net margin of 16.37% and a return on equity of 29.00%. Equities analysts anticipate that Atlas Copco will post 0.55 earnings per share for the current fiscal year.

About Atlas Copco

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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.

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