Asia Pacific Wire & Cable Co. Limited (NASDAQ:APWC) Short Interest Update

Asia Pacific Wire & Cable Co. Limited (NASDAQ:APWC) was the recipient of a significant growth in short interest in December. As of December 15th, there was short interest totalling 7,800 shares, a growth of 1,200.0% from the November 30th total of 600 shares. Approximately 0.2% of the company’s stock are short sold. Based on an average daily volume of 12,200 shares, the short-interest ratio is presently 0.6 days.

Asia Pacific Wire & Cable Price Performance

Shares of NASDAQ APWC opened at $1.45 on Friday. The business’s fifty day simple moving average is $1.70 and its 200-day simple moving average is $1.58. Asia Pacific Wire & Cable has a 12-month low of $1.20 and a 12-month high of $2.02. The company has a current ratio of 2.47, a quick ratio of 1.35 and a debt-to-equity ratio of 0.03.

Wall Street Analysts Forecast Growth

Separately, StockNews.com started coverage on shares of Asia Pacific Wire & Cable in a report on Saturday. They set a “hold” rating on the stock.

Asia Pacific Wire & Cable Company Profile

Asia Pacific Wire & Cable Corporation Limited, through its subsidiaries, manufactures and distributes enameled wire, power cable, and telecommunications products in Thailand, Singapore, Australia, the People's Republic of China, Hong Kong, and other markets in the Asia Pacific region. The company offers copper rods; and telecommunications cable products, including copper-based and fiber optic cables for telephone and data transmissions; and armored and unarmored low voltage power transmission cable, which is used to transmit electricity to and within commercial and residential buildings, as well as to outdoor installations, such as streetlights, traffic signals, and other signs.