Short Interest in Alps Alpine Co., Ltd. (OTCMKTS:APELY) Increases By 500.0%

Alps Alpine Co., Ltd. (OTCMKTS:APELYGet Rating) saw a large increase in short interest in July. As of July 15th, there was short interest totalling 1,800 shares, an increase of 500.0% from the June 30th total of 300 shares. Based on an average trading volume of 900 shares, the short-interest ratio is currently 2.0 days.

Alps Alpine Stock Performance

APELY stock opened at $20.36 on Thursday. The firm has a market cap of $2.08 billion, a price-to-earnings ratio of 18.34 and a beta of 1.09. The firm has a 50-day simple moving average of $20.89 and a two-hundred day simple moving average of $20.15. Alps Alpine has a one year low of $17.28 and a one year high of $23.84. The company has a debt-to-equity ratio of 0.16, a quick ratio of 1.42 and a current ratio of 1.97.

Wall Street Analysts Forecast Growth

Separately, The Goldman Sachs Group upgraded shares of Alps Alpine from a “neutral” rating to a “buy” rating in a report on Wednesday, April 13th.

Alps Alpine Company Profile

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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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