Short Interest in Alps Electric (OTCMKTS:APELY) Expands By 382.5%

Alps Electric (OTCMKTS:APELY) was the target of a significant growth in short interest during the month of June. As of June 15th, there was short interest totaling 4,092 shares, a growth of 382.5% from the May 31st total of 848 shares. Based on an average trading volume of 2,762 shares, the short-interest ratio is currently 1.5 days. Currently, 0.0% of the company’s stock are sold short.

Analysts Set New Price Targets

Separately, Zacks Research downgraded Alps Electric from a “strong-buy” rating to a “hold” rating in a report on Monday, June 1st. One analyst has rated the stock with a Hold rating, Based on data from MarketBeat.com, Alps Electric currently has an average rating of “Hold”.

Alps Electric Price Performance

OTCMKTS:APELY opened at $25.55 on Friday. Alps Electric has a one year low of $20.22 and a one year high of $32.15. The company has a debt-to-equity ratio of 0.12, a quick ratio of 1.44 and a current ratio of 2.11. The stock has a market cap of $2.66 billion, a PE ratio of 14.35, a P/E/G ratio of 6.52 and a beta of 0.36. The stock has a 50 day moving average price of $27.17 and a 200 day moving average price of $27.12.

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.