Asia Pacific Wire & Cable Corporation Limited (NASDAQ:APWC) Short Interest Down 42.3% in August

Asia Pacific Wire & Cable Corporation Limited (NASDAQ:APWC) was the target of a significant decline in short interest during the month of August. As of August 31st, there was short interest totaling 37,878 shares, a decline of 42.3% from the August 15th total of 65,655 shares. Based on an average trading volume of 13,906 shares, the days-to-cover ratio is presently 2.7 days. Currently, 0.2% of the company’s stock are sold short.

Asia Pacific Wire & Cable Trading Up 1.8%

Shares of NASDAQ APWC opened at $1.39 on Wednesday. The company has a market capitalization of $28.56 million, a price-to-earnings ratio of 5.07 and a beta of 0.63. Asia Pacific Wire & Cable has a twelve month low of $1.26 and a twelve month high of $2.34. The business has a 50 day simple moving average of $1.48 and a 200-day simple moving average of $1.48.

Asia Pacific Wire & Cable (NASDAQ:APWC) last issued its earnings results on Friday, August 14th. The company reported $0.01 earnings per share (EPS) for the quarter. The firm had revenue of $136.65 million for the quarter. Asia Pacific Wire & Cable had a net margin of 1.28% and a return on equity of 2.16%.

Analysts Set New Price Targets

Separately, Weiss Ratings lowered Asia Pacific Wire & Cable from a “hold (c-)” rating to a “sell (d+)” rating in a research note on Monday, August 24th. One equities research analyst has rated the stock with a Sell rating, According to data from MarketBeat, the company presently has a consensus rating of “Sell”.

Asia Pacific Wire & Cable Company Profile

Asia Pacific Wire & Cable Co, Ltd. is a Thailand-based manufacturer and distributor of electrical wire and cable products. The company specializes in a broad range of products, including low- and medium-voltage power cables, building wires, control and instrumentation cables, telecommunications cables, and specialty conductors. Through its integrated production facilities in the Bangkadi Industrial Estate near Bangkok, Asia Pacific Wire & Cable serves both domestic construction and industrial markets as well as export customers across Southeast Asia.

Founded in 1979, Asia Pacific Wire & Cable has grown from a local wire producer into a regional supplier recognized for its quality control and adherence to international standards.