Alps Electric (OTCMKTS:APELY) Short Interest Down 35.5% in May

Alps Electric (OTCMKTS:APELY) saw a significant drop in short interest in the month of May. As of May 29th, there was short interest totaling 848 shares, a drop of 35.5% from the May 14th total of 1,314 shares. Approximately 0.0% of the company’s shares are sold short. Based on an average daily trading volume, of 1,503 shares, the days-to-cover ratio is presently 0.6 days.

Analyst Upgrades and Downgrades

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

Alps Electric Stock Down 3.6%

Shares of APELY opened at $26.17 on Tuesday. The stock has a market capitalization of $2.72 billion, a PE ratio of 14.70, a P/E/G ratio of 6.86 and a beta of 0.36. Alps Electric has a 1 year low of $20.22 and a 1 year high of $32.15. The company has a debt-to-equity ratio of 0.12, a quick ratio of 1.44 and a current ratio of 2.11. The company’s 50-day simple moving average is $27.50 and its 200-day simple moving average is $27.17.

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.