Short Interest in Alps Electric (OTCMKTS:APELY) Increases By 97.6%

Alps Electric (OTCMKTS:APELY) was the recipient of a large increase in short interest during the month of August. As of August 14th, there was short interest totaling 81 shares, an increase of 97.6% from the July 30th total of 41 shares. Currently, 0.0% of the shares of the company are short sold. Based on an average trading volume of 391 shares, the short-interest ratio is currently 0.2 days.

Alps Electric Price Performance

Shares of APELY stock opened at $27.72 on Monday. Alps Electric has a 12 month low of $23.65 and a 12 month high of $32.15. The firm has a market cap of $2.88 billion, a PE ratio of 15.93, a price-to-earnings-growth ratio of 7.44 and a beta of 0.37. The stock has a 50 day moving average of $26.38 and a 200-day moving average of $27.11. The company has a quick ratio of 1.32, a current ratio of 1.95 and a debt-to-equity ratio of 0.12.

Alps Electric (OTCMKTS:APELY) last announced its quarterly earnings data on Friday, July 31st. The company reported ($0.21) earnings per share (EPS) for the quarter, missing the consensus estimate of $0.02 by ($0.23). Alps Electric had a return on equity of 7.24% and a net margin of 2.64%.The company had revenue of $1.49 billion during the quarter, compared to analyst estimates of $1.52 billion. On average, equities analysts predict that Alps Electric will post 1.61 EPS for the current year.

Wall Street Analysts Forecast Growth

Separately, Zacks Research downgraded Alps Electric from a “hold” rating to a “strong sell” rating in a research report on Friday, July 31st. One investment analyst has rated the stock with a Sell rating, According to MarketBeat.com, the company has an average rating of “Sell”.

Alps Electric Company Profile

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.