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

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

Alps Electric Trading Down 3.6%

Shares of APELY stock opened at $26.17 on Tuesday. 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 firm has a market cap of $2.72 billion, a PE ratio of 14.70, a price-to-earnings-growth ratio of 6.86 and a beta of 0.36. The company has a 50-day moving average of $27.50 and a two-hundred day moving average of $27.17. Alps Electric has a 1-year low of $20.22 and a 1-year high of $32.15.

Analyst Upgrades and Downgrades

Separately, Zacks Research lowered shares of Alps Electric from a “strong-buy” rating to a “hold” rating in a report on Monday, June 1st. One equities research analyst has rated the stock with a Hold rating, Based on data from MarketBeat.com, Alps Electric currently has a consensus rating of “Hold”.

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.