Alps Alpine Co., Ltd. (OTCMKTS:APELY) Short Interest Down 51.9% in April

Alps Alpine Co., Ltd. (OTCMKTS:APELY – Get Rating) was the recipient of a large decrease in short interest during the month of April. As of April 15th, there was short interest totalling 1,300 shares, a decrease of 51.9% from the March 31st total of 2,700 shares. Based on an average daily volume of 7,300 shares, the days-to-cover ratio is presently 0.2 days.

Several equities research analysts have recently commented on APELY shares. Zacks Investment Research lowered shares of Alps Alpine from a “hold” rating to a “sell” rating in a research report on Monday, April 11th. The Goldman Sachs Group raised shares of Alps Alpine from a “neutral” rating to a “buy” rating in a research report on Wednesday, April 13th. Finally, CLSA lowered shares of Alps Alpine from an “underperform” rating to a “sell” rating in a research report on Wednesday, February 16th.

Alps Alpine stock opened at $19.30 on Friday. The firm has a 50 day moving average of $19.19 and a 200 day moving average of $19.59. The firm has a market capitalization of $1.97 billion, a price-to-earnings ratio of 28.38 and a beta of 1.19. Alps Alpine has a 12-month low of $17.28 and a 12-month high of $24.82. The company has a current ratio of 1.97, a quick ratio of 1.42 and a debt-to-equity ratio of 0.16.

About Alps Alpine (Get Rating)

Alps Alpine Co, Ltd. manufactures and sells electronic components in Japan and internationally. It operates through three segments: Electronic Components, Automotive Infotainment, and Logistics. The Electronic Components segment develops, manufactures, and markets electronic components. The Automotive Infotainment segment develops, manufactures, and markets audio, information, and communication equipment.

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