Short Interest in Alps Electric (OTCMKTS:APELY) Declines By 75.7%

Alps Electric (OTCMKTS:APELY) saw a large drop in short interest in the month of July. As of July 31st, there was short interest totaling 41 shares, a drop of 75.7% from the July 15th total of 169 shares. Based on an average trading volume of 668 shares, the days-to-cover ratio is currently 0.1 days. Currently, 0.0% of the company’s shares are sold short.

Alps Electric Stock Performance

Shares of APELY stock opened at $27.59 on Thursday. The company has a quick ratio of 1.51, a current ratio of 2.08 and a debt-to-equity ratio of 0.12. Alps Electric has a 52 week low of $22.89 and a 52 week high of $32.15. The stock has a market capitalization of $2.87 billion, a PE ratio of 15.85, a P/E/G ratio of 7.12 and a beta of 0.37. The firm has a 50 day moving average of $26.19 and a two-hundred day moving average of $27.06.

Alps Electric (OTCMKTS:APELY) last posted its quarterly earnings data on Friday, July 31st. The company reported ($0.21) earnings per share for the quarter, missing analysts’ consensus estimates of $0.02 by ($0.23). The company had revenue of $1.49 billion for the quarter, compared to analysts’ expectations of $1.52 billion. Alps Electric had a return on equity of 7.19% and a net margin of 2.64%. On average, research analysts predict that Alps Electric will post 1.61 EPS for the current fiscal year.

Analysts Set New Price Targets

Separately, Zacks Research lowered shares of Alps Electric from a “hold” rating to a “strong sell” rating in a research note on Friday, July 31st. One investment analyst has rated the stock with a Sell rating, Based on data from MarketBeat.com, Alps Electric currently 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.