Asia Pacific Wire & Cable Corporation Limited (NASDAQ:APWC) Sees Large Decline in Short Interest

Asia Pacific Wire & Cable Corporation Limited (NASDAQ:APWC) was the target of a significant decline in short interest in September. As of September 30th, there was short interest totaling 6,100 shares, a decline of 47.9% from the September 15th total of 11,700 shares. Approximately 0.2% of the company’s stock are sold short. Based on an average daily volume of 14,700 shares, the days-to-cover ratio is currently 0.4 days. Based on an average daily volume of 14,700 shares, the days-to-cover ratio is currently 0.4 days. Approximately 0.2% of the company’s stock are sold short.

Wall Street Analyst Weigh In

Separately, Weiss Ratings reissued a “hold (c)” rating on shares of Asia Pacific Wire & Cable in a research report on Wednesday, October 8th. One equities research analyst has rated the stock with a Hold rating, Based on data from MarketBeat.com, Asia Pacific Wire & Cable currently has a consensus rating of “Hold”.

Asia Pacific Wire & Cable Stock Down 0.2%

NASDAQ:APWC opened at $1.87 on Wednesday. The company has a current ratio of 2.43, a quick ratio of 1.22 and a debt-to-equity ratio of 0.02. Asia Pacific Wire & Cable has a one year low of $1.36 and a one year high of $2.34. The firm’s 50 day simple moving average is $1.93 and its 200 day simple moving average is $1.75.

Asia Pacific Wire & Cable (NASDAQ:APWC) last released its quarterly earnings data on Thursday, August 14th. The company reported $0.03 earnings per share for the quarter. The company had revenue of $126.91 million during the quarter. Asia Pacific Wire & Cable had a net margin of 0.64% and a return on equity of 1.03%.

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.