Short Interest in Asia Pacific Wire & Cable Corporation Limited (NASDAQ:APWC) Expands By 804.0%

Asia Pacific Wire & Cable Corporation Limited (NASDAQ:APWC) was the target of a large growth in short interest in May. As of May 29th, there was short interest totaling 8,850 shares, a growth of 804.0% from the May 14th total of 979 shares. Approximately 0.0% of the company’s shares are short sold. Based on an average daily volume of 5,324 shares, the short-interest ratio is presently 1.7 days.

Institutional Investors Weigh In On Asia Pacific Wire & Cable

A hedge fund recently raised its stake in Asia Pacific Wire & Cable stock. Susquehanna International Group LLP lifted its stake in shares of Asia Pacific Wire & Cable Corporation Limited (NASDAQ:APWC) by 57.7% during the 3rd quarter, according to the company in its most recent 13F filing with the SEC. The firm owned 31,901 shares of the company’s stock after buying an additional 11,676 shares during the quarter. Susquehanna International Group LLP owned 0.15% of Asia Pacific Wire & Cable worth $66,000 as of its most recent filing with the SEC. Institutional investors and hedge funds own 1.00% of the company’s stock.

Asia Pacific Wire & Cable Price Performance

NASDAQ APWC opened at $1.37 on Wednesday. The firm has a market capitalization of $28.27 million, a P/E ratio of 4.57 and a beta of 0.64. Asia Pacific Wire & Cable has a 1-year low of $1.27 and a 1-year high of $2.34. The business’s 50-day simple moving average is $1.41 and its 200-day simple moving average is $1.59.

Asia Pacific Wire & Cable (NASDAQ:APWC) last released its quarterly earnings data on Tuesday, March 31st. The company reported $0.17 earnings per share for the quarter. The business had revenue of $133.79 million for the quarter. Asia Pacific Wire & Cable had a return on equity of 2.18% and a net margin of 1.27%.

About Asia Pacific Wire & Cable

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.