Asia Pacific Wire & Cable Corporation Limited (NASDAQ:APWC) Short Interest Up 51.1% in February

Asia Pacific Wire & Cable Corporation Limited (NASDAQ:APWC) was the recipient of a significant growth in short interest in the month of February. As of February 27th, there was short interest totaling 272 shares, a growth of 51.1% from the February 12th total of 180 shares. Based on an average trading volume of 7,715 shares, the short-interest ratio is currently 0.0 days. Approximately 0.0% of the shares of the stock are sold short. Approximately 0.0% of the shares of the stock are sold short. Based on an average trading volume of 7,715 shares, the short-interest ratio is currently 0.0 days.

Institutional Inflows and Outflows

A hedge fund recently raised its stake in Asia Pacific Wire & Cable stock. Susquehanna International Group LLP boosted its position in Asia Pacific Wire & Cable Corporation Limited (NASDAQ:APWC) by 57.7% in the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission. The fund owned 31,901 shares of the company’s stock after purchasing an additional 11,676 shares during the quarter. Susquehanna International Group LLP owned about 0.15% of Asia Pacific Wire & Cable worth $66,000 as of its most recent filing with the Securities and Exchange Commission. Hedge funds and other institutional investors own 1.00% of the company’s stock.

Asia Pacific Wire & Cable Stock Performance

Shares of APWC opened at $1.49 on Friday. The company has a current ratio of 2.54, a quick ratio of 1.32 and a debt-to-equity ratio of 0.02. The stock has a market cap of $30.61 million, a P/E ratio of 7.07 and a beta of 0.36. The company has a 50-day moving average of $1.67 and a two-hundred day moving average of $1.81. Asia Pacific Wire & Cable has a 12-month low of $1.45 and a 12-month high of $2.34.

Analyst Ratings Changes

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

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.