Short Interest in Alps Electric (OTCMKTS:APELY) Declines By 80.0%

Key Points

• Short interest in Alps Electric has decreased by 80.0% in July, dropping to just 100 shares from 500 shares on June 30th.
• The company's stock remained stable at $20.68 with a market capitalization of $2.13 billion.
• Alps Electric reported a significant earnings miss, with an earnings per share of ($0.16), falling short of the consensus estimate of $1.41.

Alps Electric (OTCMKTS:APELY - Get Free Report) was the target of a large decrease in short interest during the month of July. As of July 15th, there was short interest totalling 100 shares, a decrease of 80.0% from the June 30th total of 500 shares. Approximately 0.0% of the shares of the stock are short sold. Based on an average daily trading volume, of 200 shares, the days-to-cover ratio is currently 0.5 days.

Alps Electric Price Performance

Shares of APELY stock remained flat at $20.68 during trading hours on Tuesday. The stock had a trading volume of 2 shares, compared to its average volume of 124. Alps Electric has a 52 week low of $16.21 and a 52 week high of $23.50. The company has a current ratio of 2.18, a quick ratio of 1.57 and a debt-to-equity ratio of 0.14. The firm has a 50 day moving average of $19.63 and a two-hundred day moving average of $19.79. The company has a market capitalization of $2.13 billion, a P/E ratio of 8.55, a price-to-earnings-growth ratio of 0.75 and a beta of 0.34.

Alps Electric (OTCMKTS:APELY - Get Free Report) last announced its quarterly earnings results on Wednesday, April 30th. The company reported ($0.16) earnings per share for the quarter, missing the consensus estimate of $1.41 by ($1.57). Alps Electric had a net margin of 3.82% and a return on equity of 2.61%. The company had revenue of $1.75 billion during the quarter, compared to analysts' expectations of $1.58 billion. On average, equities research analysts expect that Alps Electric will post 1.63 earnings per share for the current year.

Wall Street Analyst Weigh In

Separately, The Goldman Sachs Group cut Alps Electric from a "hold" rating to a "strong sell" rating in a research note on Monday, March 31st.

About Alps Electric

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.

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