Asia Pacific Wire & Cable Corporation Limited (NASDAQ:APWC) Short Interest Down 29.5% in August

Asia Pacific Wire & Cable Corporation Limited (NASDAQ:APWC) was the target of a large decline in short interest during the month of August. As of August 31st, there was short interest totaling 3,100 shares, a decline of 29.5% from the August 15th total of 4,400 shares. Currently, 0.1% of the shares of the stock are short sold. Based on an average trading volume of 8,400 shares, the days-to-cover ratio is currently 0.4 days. Based on an average trading volume of 8,400 shares, the days-to-cover ratio is currently 0.4 days. Currently, 0.1% of the shares of the stock are short sold.

Asia Pacific Wire & Cable Trading Down 3.4%

Shares of Asia Pacific Wire & Cable stock opened at $2.00 on Tuesday. The business has a fifty day simple moving average of $1.78 and a 200-day simple moving average of $1.66. The company has a quick ratio of 1.22, a current ratio of 2.43 and a debt-to-equity ratio of 0.02. Asia Pacific Wire & Cable has a 12 month low of $1.36 and a 12 month high of $2.18.

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

Wall Street Analysts Forecast Growth

Separately, Wall Street Zen initiated coverage on Asia Pacific Wire & Cable in a report on Wednesday, May 21st. They issued a “hold” rating on the stock.

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.