Asia Pacific Wire & Cable Corporation Limited (NASDAQ:APWC) Short Interest Up 713.4% in June

Asia Pacific Wire & Cable Corporation Limited (NASDAQ:APWC) was the recipient of a significant growth in short interest in June. As of June 30th, there was short interest totaling 117,271 shares, a growth of 713.4% from the June 15th total of 14,418 shares. Currently, 0.6% of the shares of the stock are short sold. Based on an average daily trading volume, of 4,670,879 shares, the short-interest ratio is currently 0.0 days.

Institutional Trading of Asia Pacific Wire & Cable

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

Asia Pacific Wire & Cable Trading Down 1.9%

Asia Pacific Wire & Cable stock traded down $0.03 during midday trading on Friday, reaching $1.53. The company’s stock had a trading volume of 17,401 shares, compared to its average volume of 2,494,538. Asia Pacific Wire & Cable has a 52 week low of $1.26 and a 52 week high of $2.34. The business has a 50-day moving average price of $1.52 and a 200-day moving average price of $1.57. The stock has a market cap of $31.55 million, a PE ratio of 5.10 and a beta of 0.62.

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

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.