Short Interest in Alps Electric (OTCMKTS:APELY) Decreases By 35.5%

Alps Electric (OTCMKTS:APELY) was the recipient of a large decrease in short interest in the month of May. As of May 29th, there was short interest totaling 848 shares, a decrease of 35.5% from the May 14th total of 1,314 shares. Based on an average daily volume of 1,503 shares, the days-to-cover ratio is presently 0.6 days. Currently, 0.0% of the shares of the company are sold short.

Alps Electric Price Performance

Shares of APELY stock opened at $26.17 on Wednesday. The stock has a 50 day moving average of $27.45 and a two-hundred day moving average of $27.17. The company has a current ratio of 2.11, a quick ratio of 1.44 and a debt-to-equity ratio of 0.12. Alps Electric has a 12 month low of $20.22 and a 12 month high of $32.15. The company has a market capitalization of $2.72 billion, a P/E ratio of 14.70, a P/E/G ratio of 6.61 and a beta of 0.36.

Analyst Upgrades and Downgrades

Separately, Zacks Research downgraded Alps Electric from a “strong-buy” rating to a “hold” rating in a research note on Monday, June 1st. One analyst has rated the stock with a Hold rating, According to MarketBeat, the company currently has a consensus rating of “Hold”.

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.