Short Interest in Asia Pacific Wire & Cable Corporation Limited (NASDAQ:APWC) Increases By 51.1%

Asia Pacific Wire & Cable Corporation Limited (NASDAQ:APWC) was the target of a large growth in short interest in the month of February. As of February 27th, there was short interest totaling 272 shares, a growth of 51.1% from the February 12th total of 180 shares. Approximately 0.0% of the company’s shares are short sold. Based on an average daily trading volume, of 7,715 shares, the days-to-cover ratio is presently 0.0 days. Based on an average daily trading volume, of 7,715 shares, the days-to-cover ratio is presently 0.0 days. Approximately 0.0% of the company’s shares are short sold.

Institutional Trading of Asia Pacific Wire & Cable

An institutional investor recently raised its position in Asia Pacific Wire & Cable stock. Susquehanna International Group LLP grew its position in Asia Pacific Wire & Cable Corporation Limited (NASDAQ:APWC) by 57.7% during the third quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 31,901 shares of the company’s stock after purchasing an additional 11,676 shares during the period. Susquehanna International Group LLP owned approximately 0.15% of Asia Pacific Wire & Cable worth $66,000 at the end of the most recent quarter. Institutional investors own 1.00% of the company’s stock.

Analysts Set New Price Targets

Separately, Weiss Ratings reissued a “hold (c)” rating on shares of Asia Pacific Wire & Cable in a research note on Monday, December 29th. One analyst has rated the stock with a Hold rating, According to MarketBeat, the stock presently has an average rating of “Hold”.

Asia Pacific Wire & Cable Stock Down 2.9%

Asia Pacific Wire & Cable stock opened at $1.49 on Monday. The company has a 50 day moving average of $1.67 and a 200-day moving average of $1.81. The company has a quick ratio of 1.32, a current ratio of 2.54 and a debt-to-equity ratio of 0.02. Asia Pacific Wire & Cable has a twelve month low of $1.45 and a twelve month high of $2.34. The stock has a market capitalization of $30.62 million, a PE ratio of 7.07 and a beta of 0.36.

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.