Short Interest in Alps Electric (OTCMKTS:APELY) Expands By 382.5%

Alps Electric (OTCMKTS:APELY) was the recipient of a significant growth in short interest in the month of June. As of June 15th, there was short interest totaling 4,092 shares, a growth of 382.5% from the May 31st total of 848 shares. Currently, 0.0% of the company’s shares are sold short. Based on an average daily volume of 2,762 shares, the days-to-cover ratio is currently 1.5 days.

Wall Street Analyst Weigh In

Separately, Zacks Research cut shares of Alps Electric from a “strong-buy” rating to a “hold” rating in a research report on Monday, June 1st. One research analyst has rated the stock with a Hold rating, According to MarketBeat.com, Alps Electric presently has an average rating of “Hold”.

Alps Electric Price Performance

Shares of APELY opened at $25.55 on Friday. The company has a 50 day moving average of $27.17 and a two-hundred day moving average of $27.12. The company has a quick ratio of 1.44, a current ratio of 2.11 and a debt-to-equity ratio of 0.12. Alps Electric has a twelve month low of $20.22 and a twelve month high of $32.15. The company has a market cap of $2.66 billion, a price-to-earnings ratio of 14.35, a price-to-earnings-growth ratio of 6.52 and a beta of 0.36.

About Alps Electric

Alps Electric Co, Ltd. (OTCMKTS:APELY), a subsidiary of Alps Alpine Co, Ltd., is a Japan-based manufacturer of electronic components and automotive solutions. Founded in 1948 and headquartered in Tokyo, the company designs and produces a broad portfolio of products for consumer electronics, industrial equipment, and the automotive sector. Its offerings include human-machine interface devices such as switches, touchpads, and rotary encoders, as well as sensors, wireless communication modules, and power management solutions.

In the automotive field, Alps Electric supplies advanced mechatronic systems including infotainment controls, navigation keypads, and haptic feedback devices.