Alps Electric (OTCMKTS:APELY) Short Interest Up 107.2% in April

Alps Electric (OTCMKTS:APELY) saw a large growth in short interest in the month of April. As of April 30th, there was short interest totaling 402 shares, a growth of 107.2% from the April 15th total of 194 shares. Based on an average daily volume of 2,095 shares, the days-to-cover ratio is currently 0.2 days. Approximately 0.0% of the company’s shares are sold short.

Alps Electric Price Performance

Shares of APELY stock opened at $26.57 on Monday. The company has a debt-to-equity ratio of 0.12, a current ratio of 2.11 and a quick ratio of 1.44. The company has a market capitalization of $2.76 billion, a P/E ratio of 14.93 and a beta of 0.37. The company’s 50-day simple moving average is $27.46 and its two-hundred day simple moving average is $27.01. Alps Electric has a one year low of $18.01 and a one year high of $32.15.

Analysts Set New Price Targets

Separately, Zacks Research raised shares of Alps Electric from a “hold” rating to a “strong-buy” rating in a research report on Tuesday, April 14th. One investment analyst has rated the stock with a Strong Buy rating, Based on data from MarketBeat, the company presently has an average rating of “Strong Buy”.

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.