Alaska Power & Telephone Co. (OTCMKTS:APTL) Stock Short Interest Declines 65.6%

Alaska Power & Telephone Co. (OTCMKTS:APTL) saw a large drop in short interest during the month of September. As of September 15th, there was short interest totaling 21 shares, a drop of 65.6% from the August 31st total of 61 shares. Based on an average daily volume of 10 shares, the short-interest ratio is presently 2.1 days. Currently, 0.0% of the company’s shares are short sold.

Alaska Power & Telephone Price Performance

Shares of OTCMKTS:APTL opened at $84.00 on Tuesday. The stock has a market cap of $78.12 million, a PE ratio of 15.73 and a beta of 0.31. The company’s fifty day moving average is $83.17 and its 200 day moving average is $80.08. Alaska Power & Telephone has a 52 week low of $55.05 and a 52 week high of $90.00.

Alaska Power & Telephone (OTCMKTS:APTL) last posted its quarterly earnings results on Friday, August 14th. The company reported $1.07 earnings per share for the quarter.

Alaska Power & Telephone Company Profile

Alaska Power & Telephone Company provides electric utility and telecommunications services to rural communities in Alaska. Its electric operations include power generation, transmission and distribution, while its telecommunications activities support voice, broadband internet and related communications services.

The company serves customers primarily in Southeast Alaska and other remote areas of the state, where it operates infrastructure designed for communities that may have limited access to larger utility and communications networks.