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Mar 08, 2024

Short Interest in Atlas Copco AB (OTCMKTS:ATLKY) Grows By 1,328.2%

Atlas Copco AB (OTCMKTS:ATLKY - Get Free Report) saw a large increase in short interest in August. As of August 15th, there was short interest totalling 55,700 shares, an increase of 1,328.2% from the

Atlas Copco AB (OTCMKTS:ATLKY - Get Free Report) saw a large increase in short interest in August. As of August 15th, there was short interest totalling 55,700 shares, an increase of 1,328.2% from the July 31st total of 3,900 shares. Based on an average daily volume of 490,900 shares, the short-interest ratio is presently 0.1 days.

Shares of OTCMKTS ATLKY traded up $0.09 during trading hours on Friday, hitting $13.25. The company had a trading volume of 956,713 shares, compared to its average volume of 205,987. The company has a quick ratio of 0.98, a current ratio of 1.53 and a debt-to-equity ratio of 0.34. The firm's 50 day moving average is $13.95 and its 200-day moving average is $13.35. Atlas Copco has a 1-year low of $8.63 and a 1-year high of $15.35. The stock has a market capitalization of $64.54 billion, a P/E ratio of 25.48, a price-to-earnings-growth ratio of 2.83 and a beta of 1.25.

Atlas Copco (OTCMKTS:ATLKY - Get Free Report) last announced its quarterly earnings data on Wednesday, July 19th. The industrial products company reported $0.14 EPS for the quarter, beating analysts' consensus estimates of $0.13 by $0.01. Atlas Copco had a net margin of 16.15% and a return on equity of 31.62%. The company had revenue of $4.12 billion during the quarter, compared to the consensus estimate of $3.80 billion. On average, analysts expect that Atlas Copco will post 0.53 earnings per share for the current fiscal year.

Atlas Copco AB, together with its subsidiaries, provides productivity solutions 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. The company offers piston compressors, oil-free tooth and scroll compressors, rotary screw compressors, oil-free blowers, oil-free centrifugal compressors, gas and process compressors, air and gas treatment equipment, and medical air solutions primarily for use in the manufacturing and process industries.

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