Short Interest in Alps Electric (OTCMKTS:APELY) Expands By 1,228.4%

Key Points

• Short interest surged 1,228.4% in August to 1,076 shares, though that represents approximately 0.0% of shares outstanding and only 0.5 days to cover.
• Alps Electric’s stock was unchanged at $27.80, with a $23.65–$32.15 12-month range and a $2.89 billion market capitalization.
• The company missed quarterly expectations, reporting a $0.21 per-share loss versus the anticipated $0.02 profit and revenue of $1.49 billion versus $1.52 billion expected; analysts maintain a consensus Hold rating.

Alps Electric (OTCMKTS:APELY - Get Free Report) was the recipient of a large increase in short interest during the month of August. As of August 31st, there was short interest totaling 1,076 shares, an increase of 1,228.4% from the August 15th total of 81 shares. Approximately 0.0% of the shares of the stock are short sold. Based on an average daily trading volume, of 2,183 shares, the days-to-cover ratio is currently 0.5 days.

Alps Electric Stock Performance

APELY remained flat at $27.80 during trading on Thursday. 141 shares of the company's stock traded hands, compared to its average volume of 824. Alps Electric has a 12 month low of $23.65 and a 12 month high of $32.15. The stock's 50-day moving average is $26.86 and its 200 day moving average is $27.15. The stock has a market capitalization of $2.89 billion, a price-to-earnings ratio of 15.98, a P/E/G ratio of 7.88 and a beta of 0.38. The company has a current ratio of 1.95, a quick ratio of 1.32 and a debt-to-equity ratio of 0.12.

Alps Electric (OTCMKTS:APELY - Get Free Report) last issued its earnings results on Friday, July 31st. The company reported ($0.21) earnings per share for the quarter, missing the consensus estimate of $0.02 by ($0.23). The company had revenue of $1.49 billion during the quarter, compared to analysts' expectations of $1.52 billion. Alps Electric had a return on equity of 7.24% and a net margin of 2.64%. Analysts forecast that Alps Electric will post 1.61 earnings per share for the current fiscal year.

Wall Street Analyst Weigh In

Separately, Zacks Research raised shares of Alps Electric from a "strong sell" rating to a "hold" rating in a research note on Friday, September 4th. One analyst has rated the stock with a Hold rating, According to MarketBeat, 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.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest reporting and unbiased coverage. Please send any questions or comments about this story to contact@marketbeat.com.