Alps Electric (OTCMKTS:APELY) Sees Significant Growth in Short Interest

Alps Electric (OTCMKTS:APELY) saw a significant growth in short interest in May. As of May 15th, there was short interest totaling 1,314 shares, a growth of 226.9% from the April 30th total of 402 shares. Currently, 0.0% of the shares of the stock are short sold. Based on an average daily trading volume, of 1,001 shares, the short-interest ratio is currently 1.3 days.

Alps Electric Stock Performance

APELY stock opened at $27.94 on Friday. 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 has a twelve month low of $19.19 and a twelve month high of $32.15. The stock has a market capitalization of $2.91 billion, a price-to-earnings ratio of 15.70 and a beta of 0.37. The firm’s fifty day simple moving average is $27.64 and its two-hundred day simple moving average is $27.12.

Analyst Upgrades and Downgrades

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

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.