Alps Electric (OTCMKTS:APELY) Sees Large Increase in Short Interest

Alps Electric (OTCMKTS:APELY) was the recipient of a significant growth in short interest during the month of October. As of October 30th, there was short interest totaling 876 shares. Based on an average trading volume of 18,659 shares, the short-interest ratio is currently 0.0 days. Approximately 0.0% of the company’s shares are short sold.

Alps Electric Trading Down 1.1%

OTCMKTS:APELY traded down $0.28 during trading hours on Friday, reaching $24.63. 1,039 shares of the stock were exchanged, compared to its average volume of 5,862. Alps Electric has a twelve month low of $22.42 and a twelve month high of $32.15. The business has a 50-day moving average of $27.45 and a two-hundred day moving average of $27.20. The company has a market capitalization of $2.56 billion, a price-to-earnings ratio of 22.60, a PEG ratio of 1.51 and a beta of 0.50. The company has a quick ratio of 1.32, a current ratio of 1.95 and a debt-to-equity ratio of 0.12.

Analyst Ratings Changes

Separately, Zacks Research raised Alps Electric from a “hold” rating to a “strong-buy” rating in a research note on Monday, October 19th. One research analyst has rated the stock with a Strong Buy rating. According to data from MarketBeat, the company presently has an average rating of “Strong Buy”.

Alps Electric Company Profile

Alps Electric, now known as Alps Alpine Co., Ltd., is a Japanese manufacturer of electronic components and systems. Its products include switches, sensors, communication modules and other components used in automotive, mobile, consumer and industrial applications. The company also supplies automotive infotainment and cockpit systems, drawing on the product businesses of Alps Electric and Alpine Electronics. The two companies combined in 2019, when Alps Electric changed its name to Alps Alpine. Headquartered in Japan, Alps Alpine serves customers through operations and sales networks in markets around the world.