Short Interest in Alps Electric (OTCMKTS:APELY) Decreases By 82.8%

Key Points

• Short interest in Alps Electric (APELY) plunged 82.8% in April to 194 shares from 1,128 on March 31, leaving a days-to-cover ratio of about 0.1 days and effectively 0.0% of shares sold short.
• The stock traded near $29.29 with a market cap of $3.05B and a P/E of 8.72, after the company posted a quarterly EPS of $0.74 (vs. $0.18 expected) and $1.67B in revenue, and analysts including Zacks have upgraded the stock to a Strong Buy.

Alps Electric (OTCMKTS:APELY - Get Free Report) saw a large drop in short interest in the month of April. As of April 15th, there was short interest totaling 194 shares, a drop of 82.8% from the March 31st total of 1,128 shares. Based on an average trading volume of 2,439 shares, the days-to-cover ratio is currently 0.1 days. Approximately 0.0% of the shares of the company are sold short.

Alps Electric Price Performance

APELY remained flat at $29.29 during midday trading on Friday. 74 shares of the company's stock were exchanged, compared to its average volume of 803. The company has a quick ratio of 1.44, a current ratio of 2.11 and a debt-to-equity ratio of 0.12. The company's 50 day moving average is $27.88 and its 200-day moving average is $26.74. The company has a market cap of $3.05 billion, a price-to-earnings ratio of 8.72, a price-to-earnings-growth ratio of 0.46 and a beta of 0.35. Alps Electric has a 1 year low of $18.01 and a 1 year high of $32.15.

Alps Electric (OTCMKTS:APELY - Get Free Report) last issued its earnings results on Friday, January 30th. The company reported $0.74 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $0.18 by $0.56. The business had revenue of $1.67 billion during the quarter, compared to analysts' expectations of $1.63 billion. Alps Electric had a return on equity of 5.32% and a net margin of 5.06%. As a group, research analysts anticipate that Alps Electric will post 1.58 EPS for the current fiscal year.

Wall Street Analysts Forecast Growth

Separately, Zacks Research upgraded Alps Electric from a "hold" rating to a "strong-buy" rating in a research note on Tuesday, April 14th. One equities research analyst has rated the stock with a Strong Buy rating, According to MarketBeat.com, Alps Electric presently has an average rating of "Strong Buy".

Alps Electric Company Profile

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.

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