Short Interest in Alps Electric (OTCMKTS:APELY) Increases By 1,228.4%

Alps Electric (OTCMKTS:APELY) was the target of a large increase in short interest in the month of August. As of August 31st, there was short interest totaling 1,076 shares, an increase of 1,228.4% from the August 15th total of 81 shares. Based on an average trading volume of 2,183 shares, the short-interest ratio is presently 0.5 days. Approximately 0.0% of the shares of the company are short sold.

Analysts Set New Price Targets

Separately, Zacks Research raised Alps Electric from a “strong sell” rating to a “hold” rating in a research note on Friday, September 4th. One analyst has rated the stock with a Hold rating, According to MarketBeat.com, the stock has an average rating of “Hold”.

Alps Electric Price Performance

Alps Electric stock remained flat at $27.80 during mid-day trading on Thursday. The company had a trading volume of 141 shares, compared to its average volume of 824. Alps Electric has a 1 year low of $23.65 and a 1 year high of $32.15. The firm has a market cap of $2.89 billion, a P/E ratio of 15.98, a PEG ratio of 7.88 and a beta of 0.38. The company has a current ratio of 1.95, a quick ratio of 1.32 and a debt-to-equity ratio of 0.12. The stock’s 50-day moving average is $26.86 and its 200 day moving average is $27.15.

Alps Electric (OTCMKTS:APELY) last announced its earnings results on Friday, July 31st. The company reported ($0.21) earnings per share (EPS) 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 the consensus estimate of $1.52 billion. Alps Electric had a return on equity of 7.24% and a net margin of 2.64%. As a group, analysts forecast that Alps Electric will post 1.61 EPS for the current year.

About Alps Electric

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.