Short Interest in Asia Pacific Wire & Cable Corporation Limited (NASDAQ:APWC) Decreases By 99.8%

Asia Pacific Wire & Cable Corporation Limited (NASDAQ:APWC) was the recipient of a large decline in short interest during the month of February. As of February 13th, there was short interest totaling 180 shares, a decline of 99.8% from the January 29th total of 100,529 shares. Based on an average daily trading volume, of 9,264 shares, the short-interest ratio is currently 0.0 days. Approximately 0.0% of the company’s shares are sold short. Approximately 0.0% of the company’s shares are sold short. Based on an average daily trading volume, of 9,264 shares, the short-interest ratio is currently 0.0 days.

Hedge Funds Weigh In On Asia Pacific Wire & Cable

A hedge fund recently raised its stake in Asia Pacific Wire & Cable stock. Susquehanna International Group LLP grew its holdings in shares of Asia Pacific Wire & Cable Corporation Limited (NASDAQ:APWC) by 57.7% during the third quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 31,901 shares of the company’s stock after buying an additional 11,676 shares during the period. Susquehanna International Group LLP owned approximately 0.15% of Asia Pacific Wire & Cable worth $66,000 as of its most recent filing with the SEC. 1.00% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

Separately, Weiss Ratings restated a “hold (c)” rating on shares of Asia Pacific Wire & Cable in a research report on Monday, December 29th. One analyst has rated the stock with a Hold rating, Based on data from MarketBeat, the stock has an average rating of “Hold”.

Asia Pacific Wire & Cable Trading Up 0.4%

Shares of APWC stock traded up $0.01 during mid-day trading on Wednesday, hitting $1.68. The company’s stock had a trading volume of 1,477 shares, compared to its average volume of 10,605. The company has a market cap of $34.64 million, a PE ratio of 8.00 and a beta of 0.38. The company has a debt-to-equity ratio of 0.02, a quick ratio of 1.32 and a current ratio of 2.54. The company’s fifty day simple moving average is $1.74 and its 200-day simple moving average is $1.82. Asia Pacific Wire & Cable has a 52 week low of $1.45 and a 52 week high of $2.34.

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.