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

Asia Pacific Wire & Cable Corporation Limited (NASDAQ:APWC) saw a large increase in short interest in March. As of March 13th, there was short interest totaling 759 shares, an increase of 179.0% from the February 26th total of 272 shares. Based on an average daily volume of 3,807 shares, the short-interest ratio is presently 0.2 days. Approximately 0.0% of the company’s shares are sold short.

Asia Pacific Wire & Cable Stock Performance

NASDAQ APWC opened at $1.43 on Thursday. The company has a market cap of $29.49 million, a P/E ratio of 6.81 and a beta of 0.36. The company has a fifty day simple moving average of $1.63 and a 200 day simple moving average of $1.79. The company has a current ratio of 2.54, a quick ratio of 1.32 and a debt-to-equity ratio of 0.02. Asia Pacific Wire & Cable has a 12-month low of $1.34 and a 12-month high of $2.34.

Analyst Ratings Changes

Separately, Weiss Ratings reiterated a “hold (c)” rating on shares of Asia Pacific Wire & Cable in a report on Monday, December 29th. One analyst has rated the stock with a Hold rating, Based on data from MarketBeat.com, the company currently has an average rating of “Hold”.

Institutional Investors Weigh In On Asia Pacific Wire & Cable

A hedge fund recently raised its stake in Asia Pacific Wire & Cable stock. Susquehanna International Group LLP increased its holdings in Asia Pacific Wire & Cable Corporation Limited (NASDAQ:APWC) by 57.7% during the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). 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 at the end of the most recent quarter. Hedge funds and other institutional investors own 1.00% of the company’s stock.

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.