Alps Electric (OTCMKTS:APELY) Short Interest Down 78.7% in December

Alps Electric (OTCMKTS:APELY) saw a large decline in short interest in the month of December. As of December 15th, there was short interest totaling 248 shares, a decline of 78.7% from the November 30th total of 1,163 shares. Based on an average daily volume of 23 shares, the days-to-cover ratio is presently 10.8 days. Approximately 0.0% of the shares of the company are short sold. Approximately 0.0% of the shares of the company are short sold. Based on an average daily volume of 23 shares, the days-to-cover ratio is presently 10.8 days.

Wall Street Analyst Weigh In

Separately, Zacks Research raised Alps Electric from a “strong sell” rating to a “hold” rating in a report on Monday, September 8th. One investment analyst has rated the stock with a Hold rating and one has issued a Sell rating to the company’s stock. Based on data from MarketBeat, Alps Electric currently has a consensus rating of “Reduce”.

Alps Electric Stock Performance

Shares of APELY opened at $25.74 on Thursday. The company has a current ratio of 2.10, a quick ratio of 1.49 and a debt-to-equity ratio of 0.13. The stock has a 50-day moving average price of $25.98 and a 200-day moving average price of $23.49. The company has a market cap of $2.68 billion, a PE ratio of 7.97, a price-to-earnings-growth ratio of 0.65 and a beta of 0.33. Alps Electric has a 12-month low of $16.21 and a 12-month high of $26.90.

Alps Electric (OTCMKTS:APELY) last released its quarterly earnings results on Friday, October 31st. The company reported $1.09 EPS for the quarter, topping analysts’ consensus estimates of $0.26 by $0.83. The business had revenue of $1.73 billion during the quarter, compared to analysts’ expectations of $1.77 billion. Alps Electric had a net margin of 4.91% and a return on equity of 5.41%. As a group, equities analysts forecast that Alps Electric will post 1.63 earnings per share for the current fiscal year.

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.