Short Interest in Asia Pacific Wire & Cable Corporation Limited (NASDAQ:APWC) Grows By 713.4%

Asia Pacific Wire & Cable Corporation Limited (NASDAQ:APWC) was the recipient of a large increase in short interest in June. As of June 30th, there was short interest totaling 117,271 shares, an increase of 713.4% from the June 15th total of 14,418 shares. Based on an average daily trading volume, of 4,670,879 shares, the days-to-cover ratio is presently 0.0 days. Currently, 0.6% of the shares of the company are short sold.

Institutional Investors Weigh In On Asia Pacific Wire & Cable

An institutional investor recently raised its position in Asia Pacific Wire & Cable stock. Susquehanna International Group LLP grew its position in shares of Asia Pacific Wire & Cable Corporation Limited (NASDAQ:APWC) by 57.7% in the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 31,901 shares of the company’s stock after purchasing an additional 11,676 shares during the period. Susquehanna International Group LLP owned approximately 0.15% of Asia Pacific Wire & Cable worth $66,000 at the end of the most recent quarter. 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 $0.03 during mid-day trading on Friday, reaching $1.53. 17,401 shares of the company’s stock were exchanged, compared to its average volume of 2,494,538. The firm has a 50-day moving average price of $1.52 and a two-hundred day moving average price of $1.57. The firm has a market capitalization of $31.54 million, a price-to-earnings ratio of 5.10 and a beta of 0.62. Asia Pacific Wire & Cable has a 52 week low of $1.26 and a 52 week high of $2.34.

Asia Pacific Wire & Cable (NASDAQ:APWC) last posted its quarterly earnings data on Tuesday, March 31st. The company reported $0.17 EPS for the quarter. The business had revenue of $133.79 million for the quarter. Asia Pacific Wire & Cable had a return on equity of 2.18% and a net margin of 1.27%.

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.