Asia Pacific Wire & Cable Corporation Limited (NASDAQ:APWC) Short Interest Down 42.3% in August

Asia Pacific Wire & Cable Corporation Limited (NASDAQ:APWC) saw a significant decrease in short interest in the month of August. As of August 31st, there was short interest totaling 37,878 shares, a decrease of 42.3% from the August 15th total of 65,655 shares. Approximately 0.2% of the company’s shares are short sold. Based on an average daily volume of 13,906 shares, the short-interest ratio is presently 2.7 days.

Wall Street Analysts Forecast Growth

Separately, Weiss Ratings downgraded shares of Asia Pacific Wire & Cable from a “hold (c-)” rating to a “sell (d+)” rating in a research note on Monday, August 24th. One investment analyst has rated the stock with a Sell rating, According to MarketBeat.com, Asia Pacific Wire & Cable presently has an average rating of “Sell”.

Asia Pacific Wire & Cable Trading Up 1.8%

Asia Pacific Wire & Cable stock opened at $1.39 on Wednesday. The stock has a market cap of $28.56 million, a PE ratio of 5.07 and a beta of 0.63. Asia Pacific Wire & Cable has a 52 week low of $1.26 and a 52 week high of $2.34. The stock has a 50-day moving average price of $1.48 and a 200 day moving average price of $1.48.

Asia Pacific Wire & Cable (NASDAQ:APWC) last issued its earnings results on Friday, August 14th. The company reported $0.01 earnings per share for the quarter. The business had revenue of $136.65 million for the quarter. Asia Pacific Wire & Cable had a return on equity of 2.16% and a net margin of 1.28%.

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.