Alaska Power & Telephone Co. (OTCMKTS:APTL) Sees Significant Drop in Short Interest

Alaska Power & Telephone Co. (OTCMKTS:APTL) was the recipient of a large decline in short interest during the month of July. As of July 31st, there was short interest totaling 50 shares, a decline of 58.0% from the July 15th total of 119 shares. Based on an average daily trading volume, of 343 shares, the short-interest ratio is presently 0.1 days. Approximately 0.0% of the shares of the company are short sold.

Alaska Power & Telephone Stock Up 0.7%

APTL stock opened at $84.40 on Friday. The firm has a market cap of $78.49 million, a PE ratio of 15.81 and a beta of 0.31. The business has a 50 day moving average of $83.90 and a 200-day moving average of $74.88. Alaska Power & Telephone has a 12-month low of $55.05 and a 12-month high of $90.00.

Alaska Power & Telephone (OTCMKTS:APTL) last issued its quarterly earnings results on Friday, August 14th. The company reported $1.07 EPS for the quarter.

Alaska Power & Telephone Company Profile

Alaska Power & Telephone Company (OTCMKTS:APTL) is a diversified utilities provider based in Anchorage, Alaska. Established in 1957, the company focuses on delivering dependable communications and electric power services to rural and remote communities across the state. Through its dual operating segments—telecommunications and electric utilities—AP&T aims to bridge the gap between urban centers and more isolated areas of Alaska.

In its telecommunications division, AP&T offers a wide array of products and services, including local and long-distance voice service, broadband internet access, cable television and digital video, as well as business data and networking solutions.