Alaska Power & Telephone Co. (OTCMKTS:APTL) Short Interest Down 84.1% in April

Alaska Power & Telephone Co. (OTCMKTS:APTL) was the target of a significant decline in short interest in April. As of April 30th, there was short interest totaling 17 shares, a decline of 84.1% from the April 15th total of 107 shares. Based on an average daily trading volume, of 280 shares, the days-to-cover ratio is currently 0.1 days. Approximately 0.0% of the company’s stock are sold short.

Alaska Power & Telephone Price Performance

APTL stock remained flat at $74.50 during trading on Thursday. The company had a trading volume of 103 shares, compared to its average volume of 85. The firm’s 50-day moving average price is $71.99 and its 200-day moving average price is $63.40. The firm has a market capitalization of $69.29 million, a PE ratio of 13.98 and a beta of 0.28. Alaska Power & Telephone has a 12-month low of $53.00 and a 12-month high of $75.00.

Alaska Power & Telephone (OTCMKTS:APTL) last posted its earnings results on Tuesday, March 31st. The company reported $1.13 earnings per share for the quarter. The business had revenue of $17.79 million for the quarter.

About Alaska Power & Telephone

Alaska Power & Telephone Company (OTCMKTS:APTL) is a diversified utilities provider based in Anchorage, Alaska. Established in 1957, the company focuses on delivering dependable communications and electric power services to rural and remote communities across the state. Through its dual operating segments—telecommunications and electric utilities—AP&T aims to bridge the gap between urban centers and more isolated areas of Alaska.

In its telecommunications division, AP&T offers a wide array of products and services, including local and long-distance voice service, broadband internet access, cable television and digital video, as well as business data and networking solutions.