Short Interest in Asia Pacific Wire & Cable Corporation Limited (NASDAQ:APWC) Increases By 179.0%

Asia Pacific Wire & Cable Corporation Limited (NASDAQ:APWC) was the recipient of a large increase in short interest in March. As of March 13th, there was short interest totaling 759 shares, an increase of 179.0% from the February 26th total of 272 shares. Approximately 0.0% of the shares of the stock are sold short. Based on an average daily volume of 3,807 shares, the days-to-cover ratio is presently 0.2 days.

Hedge Funds Weigh In On Asia Pacific Wire & Cable

An institutional investor recently raised its position in Asia Pacific Wire & Cable stock. Susquehanna International Group LLP lifted its position in shares of Asia Pacific Wire & Cable Corporation Limited (NASDAQ:APWC) by 57.7% during the 3rd quarter, according to the company in its most recent Form 13F 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 period. 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 Price Performance

Shares of NASDAQ APWC traded down $0.04 during midday trading on Friday, reaching $1.40. 733 shares of the company were exchanged, compared to its average volume of 8,598. The stock’s 50-day moving average price is $1.62 and its 200-day moving average price is $1.79. The stock has a market cap of $28.76 million, a P/E ratio of 6.64 and a beta of 0.36. Asia Pacific Wire & Cable has a one year low of $1.34 and a one year high of $2.34. The company has a quick ratio of 1.32, a current ratio of 2.54 and a debt-to-equity ratio of 0.02.

Analyst Upgrades and Downgrades

Separately, Weiss Ratings restated a “hold (c)” rating on shares of Asia Pacific Wire & Cable in a research report on Monday, December 29th. One analyst has rated the stock with a Hold rating, Based on data from MarketBeat.com, the stock presently has an average 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.