Alps Electric (OTCMKTS:APELY) Short Interest Update

Alps Electric (OTCMKTS:APELY) saw a large drop in short interest in the month of July. As of July 15th, there was short interest totaling 169 shares, a drop of 85.1% from the June 30th total of 1,137 shares. Based on an average trading volume of 694 shares, the short-interest ratio is currently 0.2 days. Currently, 0.0% of the shares of the company are short sold.

Alps Electric Stock Up 2.3%

APELY stock opened at $26.25 on Friday. The firm has a market capitalization of $2.73 billion, a PE ratio of 14.75, a PEG ratio of 7.05 and a beta of 0.37. The company has a current ratio of 2.08, a quick ratio of 1.51 and a debt-to-equity ratio of 0.12. The business’s 50 day simple moving average is $26.42 and its 200 day simple moving average is $27.07. Alps Electric has a 1-year low of $20.68 and a 1-year high of $32.15.

Wall Street Analyst Weigh In

Separately, Zacks Research cut shares of Alps Electric from a “strong-buy” rating to a “hold” rating in a report on Monday, June 1st. One investment analyst has rated the stock with a Hold rating, According to MarketBeat.com, the stock 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.