Asia Pacific Wire & Cable Corporation Limited (NASDAQ:APWC – Get Free Report) saw a large decline in short interest during the month of October. As of October 15th, there was short interest totaling 4,300 shares, a decline of 29.5% from the September 30th total of 6,100 shares. Currently, 0.1% of the shares of the company are sold short. Based on an average daily trading volume, of 14,600 shares, the days-to-cover ratio is currently 0.3 days. Based on an average daily trading volume, of 14,600 shares, the days-to-cover ratio is currently 0.3 days. Currently, 0.1% of the shares of the company are sold short.
Wall Street Analyst Weigh In
Separately, Weiss Ratings reaffirmed a “hold (c)” rating on shares of Asia Pacific Wire & Cable in a research report on Wednesday, October 8th. One investment analyst has rated the stock with a Hold rating, According to MarketBeat, the stock presently has an average rating of “Hold”.
Get Our Latest Stock Report on APWC
Asia Pacific Wire & Cable Stock Down 2.7%
Asia Pacific Wire & Cable (NASDAQ:APWC – Get Free Report) last announced its quarterly earnings data on Thursday, August 14th. The company reported $0.03 earnings per share (EPS) for the quarter. The business had revenue of $126.91 million for the quarter. Asia Pacific Wire & Cable had a return on equity of 1.03% and a net margin of 0.64%.
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.
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