Short Interest in Asia Pacific Wire & Cable Co. Limited (NASDAQ:APWC) Decreases By 59.0%

Asia Pacific Wire & Cable Co. Limited (NASDAQ:APWC) was the target of a large decline in short interest during the month of December. As of December 31st, there was short interest totalling 3,200 shares, a decline of 59.0% from the December 15th total of 7,800 shares. Currently, 0.1% of the shares of the stock are short sold. Based on an average daily trading volume, of 13,300 shares, the days-to-cover ratio is currently 0.2 days.

Asia Pacific Wire & Cable Stock Performance

Shares of NASDAQ APWC traded up $0.11 during trading on Wednesday, reaching $1.52. The company had a trading volume of 7,321 shares, compared to its average volume of 11,947. The company has a debt-to-equity ratio of 0.03, a quick ratio of 1.35 and a current ratio of 2.47. Asia Pacific Wire & Cable has a twelve month low of $1.20 and a twelve month high of $2.02. The stock has a 50-day moving average price of $1.65 and a two-hundred day moving average price of $1.57.

Wall Street Analyst Weigh In

Separately, StockNews.com initiated coverage on shares of Asia Pacific Wire & Cable in a report on Monday. They set a “hold” rating for the company.

About Asia Pacific Wire & Cable

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.