Short Interest in Asia Pacific Wire & Cable Co. Limited (NASDAQ:APWC) Declines By 33.3%

Asia Pacific Wire & Cable Co. Limited (NASDAQ:APWC) saw a significant decline in short interest in May. As of May 15th, there was short interest totalling 200 shares, a decline of 33.3% from the April 30th total of 300 shares. Currently, 0.0% of the shares of the stock are sold short. Based on an average daily volume of 6,000 shares, the days-to-cover ratio is currently 0.0 days.

Asia Pacific Wire & Cable Trading Up 4.9%

Shares of APWC opened at $1.69 on Tuesday. Asia Pacific Wire & Cable has a 1 year low of $1.35 and a 1 year high of $2.02. The company has a quick ratio of 1.35, a current ratio of 2.47 and a debt-to-equity ratio of 0.03. The stock has a 50 day simple moving average of $1.57 and a two-hundred day simple moving average of $1.58.

Asia Pacific Wire & Cable (NASDAQ:APWC) last announced its earnings results on Monday, March 31st. The company reported $0.13 EPS for the quarter. The business had revenue of $136.11 million for the quarter.

Analysts Set New Price Targets

Separately, Wall Street Zen started coverage on Asia Pacific Wire & Cable in a report on Wednesday, May 21st. They set a “hold” rating for the company.

Asia Pacific Wire & Cable Company Profile

Asia Pacific Wire & Cable Corp. Ltd. is a holding company, which engages in the business of owning operating companies in the power cable, telecommunication cable, enameled wire, and electronic cable industry. It operates through the following segments: North Asia, Thailand, and Rest of the World.