Alps Electric (OTCMKTS:APELY) Short Interest Up 226.9% in May

Alps Electric (OTCMKTS:APELY) was the target of a large increase in short interest in May. As of May 15th, there was short interest totaling 1,314 shares, an increase of 226.9% from the April 30th total of 402 shares. Currently, 0.0% of the company’s stock are short sold. Based on an average trading volume of 1,001 shares, the days-to-cover ratio is presently 1.3 days.

Wall Street Analysts Forecast Growth

Separately, Zacks Research upgraded shares of Alps Electric from a “hold” rating to a “strong-buy” rating in a research note on Tuesday, April 14th. One equities research analyst has rated the stock with a Strong Buy rating, According to data from MarketBeat.com, the company has a consensus rating of “Strong Buy”.

Alps Electric Stock Performance

OTCMKTS APELY opened at $27.94 on Friday. The stock has a market capitalization of $2.91 billion, a P/E ratio of 15.70 and a beta of 0.37. Alps Electric has a 52-week low of $19.19 and a 52-week high of $32.15. The firm has a 50-day moving average price of $27.67 and a 200 day moving average price of $27.13. The company has a quick ratio of 1.44, a current ratio of 2.11 and a debt-to-equity ratio of 0.12.

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.