Short Interest in Asia Pacific Wire & Cable Corporation Limited (NASDAQ:APWC) Drops By 54.9%

Asia Pacific Wire & Cable Corporation Limited (NASDAQ:APWC) saw a significant decrease in short interest during the month of May. As of May 15th, there was short interest totaling 979 shares, a decrease of 54.9% from the April 30th total of 2,173 shares. Based on an average daily volume of 5,156 shares, the days-to-cover ratio is currently 0.2 days. Approximately 0.0% of the shares of the company are short sold.

Institutional Inflows and Outflows

An institutional investor recently raised its position in Asia Pacific Wire & Cable stock. Susquehanna International Group LLP lifted its stake in shares of Asia Pacific Wire & Cable Corporation Limited (NASDAQ:APWC) by 57.7% during the 3rd quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 31,901 shares of the company’s stock after purchasing an additional 11,676 shares during the period. Susquehanna International Group LLP owned 0.15% of Asia Pacific Wire & Cable worth $66,000 as of its most recent SEC filing. Institutional investors and hedge funds own 1.00% of the company’s stock.

Asia Pacific Wire & Cable Price Performance

NASDAQ:APWC traded up $0.01 during mid-day trading on Monday, hitting $1.44. The company’s stock had a trading volume of 4,939 shares, compared to its average volume of 7,765. Asia Pacific Wire & Cable has a 1 year low of $1.27 and a 1 year high of $2.34. The stock has a market cap of $29.69 million, a price-to-earnings ratio of 4.80 and a beta of 0.64. The business’s fifty day moving average is $1.41 and its two-hundred day moving average is $1.62.

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

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.