Asia Pacific Wire & Cable Corporation Limited (NASDAQ:APWC) Short Interest Down 47.9% in September

Asia Pacific Wire & Cable Corporation Limited (NASDAQ:APWC) saw a large decline in short interest in September. As of September 30th, there was short interest totaling 6,100 shares, a decline of 47.9% from the September 15th total of 11,700 shares. Based on an average daily volume of 14,700 shares, the days-to-cover ratio is presently 0.4 days. Currently, 0.2% of the shares of the company are short sold. Currently, 0.2% of the shares of the company are short sold. Based on an average daily volume of 14,700 shares, the days-to-cover ratio is presently 0.4 days.

Asia Pacific Wire & Cable Stock Performance

Shares of Asia Pacific Wire & Cable stock opened at $1.95 on Monday. The firm’s 50-day simple moving average is $1.92 and its 200-day simple moving average is $1.74. The company has a debt-to-equity ratio of 0.02, a quick ratio of 1.22 and a current ratio of 2.43. Asia Pacific Wire & Cable has a 1 year low of $1.36 and a 1 year high of $2.34.

Asia Pacific Wire & Cable (NASDAQ:APWC) last issued its earnings results on Thursday, August 14th. The company reported $0.03 earnings per share (EPS) for the quarter. Asia Pacific Wire & Cable had a net margin of 0.64% and a return on equity of 1.03%. The business had revenue of $126.91 million for the quarter.

Analysts Set New Price Targets

Separately, Weiss Ratings reiterated a “hold (c)” rating on shares of Asia Pacific Wire & Cable in a research report on Wednesday, October 8th. One research analyst has rated the stock with a Hold rating, Based on data from MarketBeat, the stock has an average rating of “Hold”.

Asia Pacific Wire & Cable Company Profile

Asia Pacific Wire & Cable Corp. Ltd. is a holding company, which engages in the business of owning operating companies in the power cable, telecommunication cable, enameled wire, and electronic cable industry. It operates through the following segments: North Asia, Thailand, and Rest of the World.