Short Interest in Alps Alpine Co., Ltd. (OTCMKTS:APELY) Increases By 100.0%

Alps Alpine Co., Ltd. (OTCMKTS:APELY) was the target of a significant increase in short interest in the month of May. As of May 31st, there was short interest totalling 800 shares, an increase of 100.0% from the May 15th total of 400 shares. Currently, 0.0% of the company’s shares are short sold. Based on an average daily trading volume, of 100 shares, the short-interest ratio is currently 8.0 days.

Alps Alpine Stock Performance

OTCMKTS APELY opened at $19.19 on Friday. The company has a debt-to-equity ratio of 0.14, a current ratio of 2.01 and a quick ratio of 1.31. The company has a market cap of $1.97 billion, a P/E ratio of 959.98, a P/E/G ratio of 0.32 and a beta of 0.33. The stock has a 50-day moving average of $19.05 and a two-hundred day moving average of $19.85. Alps Alpine has a 1-year low of $16.21 and a 1-year high of $23.50.

Alps Alpine (OTCMKTS:APELY) last posted its quarterly earnings data on Wednesday, April 30th. The company reported ($0.16) EPS for the quarter, missing the consensus estimate of $1.41 by ($1.57). The business had revenue of $1.75 billion during the quarter, compared to analysts’ expectations of $1.58 billion. Alps Alpine had a net margin of 0.02% and a return on equity of 1.73%. As a group, analysts anticipate that Alps Alpine will post 1.63 EPS for the current year.

Analysts Set New Price Targets

Separately, The Goldman Sachs Group cut Alps Alpine from a “hold” rating to a “strong sell” rating in a research note on Monday, March 31st.

About Alps Alpine

Alps Alpine Co, Ltd. manufactures and sells electronic components in Japan and internationally. It operates through four segments: Components, Sensor Communication, Module Systems, and Logistics. The company’s products for the consumer, industrial equipment, and IoT markets include TACT switches, worker condition monitoring systems, HAPTIC reactor, actuator for cameras, remote monitoring system for logistics, analog meter monitoring system, resistive position sensor, pressure sensor, air environment sensor module, three-axis geomagnetic sensor, humidity sensor, and pc board mount current sensor.