Short Interest in Alps Electric (OTCMKTS:APELY) Decreases By 72.2%

Alps Electric (OTCMKTS:APELY) was the recipient of a significant decrease in short interest in June. As of June 30th, there was short interest totaling 1,137 shares, a decrease of 72.2% from the June 15th total of 4,092 shares. Approximately 0.0% of the company’s stock are sold short. Based on an average daily volume of 940 shares, the short-interest ratio is currently 1.2 days.

Alps Electric Stock Down 5.8%

Shares of Alps Electric stock opened at $25.70 on Friday. The stock has a market capitalization of $2.67 billion, a P/E ratio of 14.44, a PEG ratio of 7.64 and a beta of 0.37. The company has a quick ratio of 1.44, a current ratio of 2.11 and a debt-to-equity ratio of 0.12. The stock has a 50 day moving average price of $26.63 and a two-hundred day moving average price of $27.08. Alps Electric has a 12-month low of $20.22 and a 12-month high of $32.15.

Analyst Ratings Changes

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