Atlas Copco AB (OTCMKTS:ATLKY) Short Interest Down 66.3% in October

Atlas Copco AB (OTCMKTS:ATLKY) was the recipient of a large drop in short interest in the month of October. As of October 15th, there was short interest totalling 15,900 shares, a drop of 66.3% from the September 30th total of 47,200 shares. Based on an average trading volume of 158,000 shares, the days-to-cover ratio is presently 0.1 days.

Atlas Copco Stock Down 0.4 %

OTCMKTS ATLKY traded down $0.07 during trading on Friday, reaching $16.83. 111,921 shares of the company’s stock were exchanged, compared to its average volume of 321,121. Atlas Copco has a fifty-two week low of $12.63 and a fifty-two week high of $20.03. The firm has a market capitalization of $81.98 billion, a PE ratio of 30.18, a P/E/G ratio of 5.00 and a beta of 1.18. The company has a current ratio of 1.51, a quick ratio of 1.02 and a debt-to-equity ratio of 0.32. The company’s fifty day simple moving average is $18.03 and its 200-day simple moving average is $18.08.

Atlas Copco (OTCMKTS:ATLKY) last announced its quarterly earnings results on Wednesday, October 23rd. The industrial products company reported $0.14 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.15 by ($0.01). The firm had revenue of $4.14 billion for the quarter. Atlas Copco had a net margin of 16.59% and a return on equity of 30.38%. Sell-side analysts predict that Atlas Copco will post 0.59 EPS 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.