Asia Pacific Wire & Cable Corporation Limited (NASDAQ:APWC) Sees Large Increase in Short Interest

Asia Pacific Wire & Cable Corporation Limited (NASDAQ:APWC) was the target of a large growth in short interest in the month of September. As of September 15th, there was short interest totaling 11,700 shares, a growth of 277.4% from the August 31st total of 3,100 shares. Based on an average daily trading volume, of 13,400 shares, the days-to-cover ratio is presently 0.9 days. Approximately 0.3% of the company’s stock are short sold. Approximately 0.3% of the company’s stock are short sold. Based on an average daily trading volume, of 13,400 shares, the days-to-cover ratio is presently 0.9 days.

Asia Pacific Wire & Cable Stock Down 2.8%

Shares of APWC stock opened at $2.06 on Friday. Asia Pacific Wire & Cable has a twelve month low of $1.36 and a twelve month high of $2.34. The stock has a fifty day simple moving average of $1.88 and a two-hundred day simple moving average of $1.71. The company has a current ratio of 2.43, a quick ratio of 1.22 and a debt-to-equity ratio of 0.02.

Asia Pacific Wire & Cable (NASDAQ:APWC) last issued its earnings results on Thursday, August 14th. The company reported $0.03 earnings per share 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%.

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.