Short Interest in Alps Electric (OTCMKTS:APELY) Expands By 79.0%

Alps Electric (OTCMKTS:APELY) was the target of a large growth in short interest in December. As of December 31st, there was short interest totaling 444 shares, a growth of 79.0% from the December 15th total of 248 shares. Based on an average daily volume of 75 shares, the days-to-cover ratio is currently 5.9 days. Currently, 0.0% of the company’s shares are sold short. Currently, 0.0% of the company’s shares are sold short. Based on an average daily volume of 75 shares, the days-to-cover ratio is currently 5.9 days.

Alps Electric Stock Performance

Shares of APELY opened at $27.30 on Friday. The firm’s 50-day moving average price is $26.46 and its 200-day moving average price is $24.31. The firm has a market capitalization of $2.84 billion, a price-to-earnings ratio of 8.45, a PEG ratio of 0.65 and a beta of 0.32. The company has a current ratio of 2.10, a quick ratio of 1.49 and a debt-to-equity ratio of 0.13. Alps Electric has a 1-year low of $16.21 and a 1-year high of $27.30.

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

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.