Short Interest in Asia Pacific Wire & Cable Corporation Limited (NASDAQ:APWC) Declines By 29.5%

Asia Pacific Wire & Cable Corporation Limited (NASDAQ:APWCGet 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%

Shares of NASDAQ APWC opened at $1.83 on Wednesday. The company has a debt-to-equity ratio of 0.02, a current ratio of 2.43 and a quick ratio of 1.22. The stock has a market capitalization of $37.71 million, a PE ratio of 8.31 and a beta of 0.80. Asia Pacific Wire & Cable has a one year low of $1.36 and a one year high of $2.34. The business’s fifty day moving average price is $1.94 and its 200-day moving average price is $1.77.

Asia Pacific Wire & Cable (NASDAQ:APWCGet 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

(Get Free Report)

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.

Further Reading

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