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

Atlas Copco AB (OTCMKTS:ATLKY) was the recipient of a significant drop in short interest during the month of January. As of January 31st, there was short interest totalling 6,200 shares, a drop of 97.1% from the January 15th total of 217,400 shares. Based on an average daily volume of 488,200 shares, the days-to-cover ratio is currently 0.0 days.

Atlas Copco Stock Performance

ATLKY traded up $0.34 during trading hours on Friday, hitting $17.48. 95,330 shares of the stock were exchanged, compared to its average volume of 222,352. The stock has a 50-day simple moving average of $16.22 and a 200-day simple moving average of $16.93. Atlas Copco has a 12 month low of $15.00 and a 12 month high of $20.03. The stock has a market cap of $85.22 billion, a price-to-earnings ratio of 30.14, a price-to-earnings-growth ratio of 4.90 and a beta of 1.16. The company has a debt-to-equity ratio of 0.30, a current ratio of 1.56 and a quick ratio of 1.08.

Atlas Copco (OTCMKTS:ATLKY) last announced its quarterly earnings data on Tuesday, January 28th. The industrial products company reported $0.15 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.14 by $0.01. Atlas Copco had a return on equity of 29.11% and a net margin of 16.84%. Analysts anticipate that Atlas Copco will post 0.55 earnings per share for the current year.

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.