Asia Pacific Wire & Cable Co. Limited (NASDAQ:APWC) Sees Significant Increase in Short Interest

Asia Pacific Wire & Cable Co. Limited (NASDAQ:APWC) was the target of a significant increase in short interest in the month of February. As of February 15th, there was short interest totalling 3,700 shares, an increase of 3,600.0% from the January 31st total of 100 shares. Currently, 0.1% of the company’s shares are short sold. Based on an average daily trading volume, of 10,900 shares, the short-interest ratio is currently 0.3 days.

Wall Street Analysts Forecast Growth

Separately, StockNews.com assumed coverage on Asia Pacific Wire & Cable in a report on Saturday, February 22nd. They issued a “hold” rating on the stock.

Asia Pacific Wire & Cable Trading Up 2.3 %

Shares of APWC opened at $1.56 on Friday. The company has a debt-to-equity ratio of 0.03, a current ratio of 2.47 and a quick ratio of 1.35. The company’s 50-day simple moving average is $1.53 and its 200-day simple moving average is $1.59. Asia Pacific Wire & Cable has a 1 year low of $1.20 and a 1 year high of $2.02.

Asia Pacific Wire & Cable (NASDAQ:APWC) last issued its quarterly earnings results on Monday, December 2nd. The company reported $0.06 EPS for the quarter.

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.