Short Interest in Asia Pacific Wire & Cable Corporation Limited (NASDAQ:APWC) Drops By 42.3%

Asia Pacific Wire & Cable Corporation Limited (NASDAQ:APWC) saw a significant decline in short interest during the month of August. As of August 31st, there was short interest totaling 37,878 shares, a decline of 42.3% from the August 15th total of 65,655 shares. Currently, 0.2% of the company’s shares are short sold. Based on an average daily trading volume, of 13,906 shares, the short-interest ratio is presently 2.7 days.

Asia Pacific Wire & Cable Price Performance

Asia Pacific Wire & Cable stock opened at $1.33 on Friday. The firm has a 50 day simple moving average of $1.47 and a 200-day simple moving average of $1.48. The stock has a market cap of $27.34 million, a price-to-earnings ratio of 4.74 and a beta of 0.63. Asia Pacific Wire & Cable has a 1-year low of $1.26 and a 1-year high of $2.34.

Asia Pacific Wire & Cable (NASDAQ:APWC) last released its quarterly earnings data on Friday, August 14th. The company reported $0.01 EPS for the quarter. The firm had revenue of $136.65 million for the quarter. Asia Pacific Wire & Cable had a return on equity of 2.16% and a net margin of 1.28%.

Analysts Set New Price Targets

Separately, Weiss Ratings downgraded Asia Pacific Wire & Cable from a “hold (c-)” rating to a “sell (d+)” rating in a research note on Monday, August 24th. One equities research analyst has rated the stock with a Sell rating, According to MarketBeat, Asia Pacific Wire & Cable has a consensus rating of “Sell”.

About Asia Pacific Wire & Cable

Asia Pacific Wire & Cable Corporation Limited (NASDAQ: APWC) is a Bermuda-based holding company that manufactures and distributes wire and cable products through subsidiaries and affiliated operations in the Asia-Pacific region. The company serves telecommunications, electrical power, construction, infrastructure and industrial customers.

Its product portfolio includes copper rods and wires, building wires, power cables, telephone and telecommunications cables, local-area-network cables and other specialty wire and cable products.