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

Asia Pacific Wire & Cable Corporation Limited (NASDAQ:APWC) was the target of a significant drop in short interest in February. As of February 13th, there was short interest totaling 180 shares, a drop of 99.8% from the January 29th total of 100,529 shares. Currently, 0.0% of the shares of the stock are sold short. Based on an average daily volume of 9,264 shares, the days-to-cover ratio is currently 0.0 days. Based on an average daily volume of 9,264 shares, the days-to-cover ratio is currently 0.0 days. Currently, 0.0% of the shares of the stock are sold short.

Institutional Inflows and Outflows

A hedge fund recently raised its stake in Asia Pacific Wire & Cable stock. Susquehanna International Group LLP increased its stake in Asia Pacific Wire & Cable Corporation Limited (NASDAQ:APWC) by 57.7% in the third quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 31,901 shares of the company’s stock after acquiring an additional 11,676 shares during the period. 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 currently owned by institutional investors.

Analyst Upgrades and Downgrades

Separately, Weiss Ratings reissued a “hold (c)” rating on shares of Asia Pacific Wire & Cable in a report on Monday, December 29th. One equities research analyst has rated the stock with a Hold rating, According to MarketBeat.com, the company currently has a consensus rating of “Hold”.

Asia Pacific Wire & Cable Stock Up 0.4%

Shares of APWC opened at $1.68 on Thursday. Asia Pacific Wire & Cable has a 1 year low of $1.45 and a 1 year high of $2.34. The company has a debt-to-equity ratio of 0.02, a current ratio of 2.54 and a quick ratio of 1.32. The stock has a 50 day simple moving average of $1.73 and a two-hundred day simple moving average of $1.82. The firm has a market cap of $34.64 million, a P/E ratio of 8.00 and a beta of 0.38.

Asia Pacific Wire & Cable Company Profile

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.