Alps Electric (OTCMKTS:APELY) Short Interest Down 85.1% in July

Alps Electric (OTCMKTS:APELY) was the recipient of a large decrease in short interest in the month of July. As of July 15th, there was short interest totaling 169 shares, a decrease of 85.1% from the June 30th total of 1,137 shares. Currently, 0.0% of the shares of the company are short sold. Based on an average daily volume of 694 shares, the days-to-cover ratio is currently 0.2 days.

Alps Electric Stock Performance

OTCMKTS:APELY opened at $26.25 on Monday. Alps Electric has a 12-month low of $20.68 and a 12-month high of $32.15. The company has a current ratio of 2.08, a quick ratio of 1.51 and a debt-to-equity ratio of 0.12. The stock’s 50 day simple moving average is $26.42 and its 200-day simple moving average is $27.07. The firm has a market cap of $2.73 billion, a P/E ratio of 14.75, a PEG ratio of 7.05 and a beta of 0.37.

Wall Street Analysts Forecast Growth

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