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

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

Asia Pacific Wire & Cable Price Performance

Asia Pacific Wire & Cable stock traded down $0.04 during midday trading on Thursday, reaching $1.45. 41,047 shares of the stock traded hands, compared to its average volume of 7,743. The company has a debt-to-equity ratio of 0.03, a quick ratio of 1.35 and a current ratio of 2.47. The company has a 50-day simple moving average of $1.70 and a two-hundred day simple moving average of $1.58. Asia Pacific Wire & Cable has a 12-month low of $1.20 and a 12-month high of $2.02.

Wall Street Analysts Forecast Growth

Separately, StockNews.com started coverage on Asia Pacific Wire & Cable in a research report on Friday, December 20th. They issued 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.