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

Alps Alpine Co., Ltd. (OTCMKTS:APELY) was the recipient of a significant drop in short interest during the month of March. As of March 15th, there was short interest totalling 100 shares, a drop of 66.7% from the February 28th total of 300 shares. Approximately 0.0% of the company’s shares are short sold. Based on an average daily volume of 800 shares, the days-to-cover ratio is currently 0.1 days.

Alps Alpine Stock Performance

Shares of APELY stock opened at $21.09 on Friday. The business’s 50-day moving average price is $20.56 and its 200-day moving average price is $20.57. Alps Alpine has a 12 month low of $14.31 and a 12 month high of $23.50. The company has a current ratio of 2.01, a quick ratio of 1.31 and a debt-to-equity ratio of 0.14. The firm has a market capitalization of $2.17 billion, a price-to-earnings ratio of 1,055.03, a PEG ratio of 0.32 and a beta of 0.73.

Alps Alpine (OTCMKTS:APELY) last announced its earnings results on Friday, January 31st. The company reported $0.71 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.34 by $0.37. Alps Alpine had a return on equity of 1.73% and a net margin of 0.02%. Equities research analysts forecast that Alps Alpine will post 1.63 EPS for the current year.

About Alps Alpine

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.