Alps Alpine Co., Ltd. (OTCMKTS:APELY) Sees Large Drop in Short Interest

Alps Alpine Co., Ltd. (OTCMKTS:APELY - Get Free Report) was the target of a significant decrease in short interest in May. As of May 15th, there was short interest totalling 400 shares, a decrease of 78.9% from the April 30th total of 1,900 shares. Approximately 0.0% of the shares of the stock are sold short. Based on an average daily trading volume, of 900 shares, the days-to-cover ratio is presently 0.4 days.

Analysts Set New Price Targets

Separately, The Goldman Sachs Group downgraded Alps Alpine from a "hold" rating to a "strong sell" rating in a research report on Monday, March 31st.

Alps Alpine Price Performance

OTCMKTS:APELY remained flat at $18.79 during trading hours on Friday. The company had a trading volume of 26 shares, compared to its average volume of 1,552. The firm has a market capitalization of $1.93 billion, a P/E ratio of 939.97, a P/E/G ratio of 0.32 and a beta of 0.40. Alps Alpine has a 1-year low of $16.21 and a 1-year high of $23.50. The company has a debt-to-equity ratio of 0.14, a current ratio of 2.01 and a quick ratio of 1.31. The firm has a fifty day moving average of $19.09 and a 200 day moving average of $19.94.

Alps Alpine (OTCMKTS:APELY - Get Free Report) last issued its quarterly earnings results on Wednesday, April 30th. The company reported ($0.16) earnings per share (EPS) for the quarter, missing analysts' consensus estimates of $1.41 by ($1.57). The company had revenue of $1.75 billion for the quarter, compared to analyst estimates of $1.58 billion. Alps Alpine had a return on equity of 1.73% and a net margin of 0.02%. As a group, equities research analysts anticipate that Alps Alpine will post 1.63 earnings per share for the current fiscal year.

Alps Alpine Company Profile

Alps Alpine Co, Ltd. manufactures and sells electronic components in Japan and internationally. It operates through four segments: Components, Sensor Communication, Module Systems, and Logistics. The company's products for the consumer, industrial equipment, and IoT markets include TACT switches, worker condition monitoring systems, HAPTIC reactor, actuator for cameras, remote monitoring system for logistics, analog meter monitoring system, resistive position sensor, pressure sensor, air environment sensor module, three-axis geomagnetic sensor, humidity sensor, and pc board mount current sensor.