Asia Pacific Wire & Cable Corporation Limited (NASDAQ:APWC) Short Interest Down 76.5% in March
by Renee Jackson · The Cerbat GemAsia Pacific Wire & Cable Corporation Limited (NASDAQ:APWC – Get Free Report) was the target of a significant decline in short interest in March. As of March 31st, there was short interest totaling 178 shares, a decline of 76.5% from the March 15th total of 759 shares. Currently, 0.0% of the shares of the stock are short sold. Based on an average daily volume of 3,665 shares, the short-interest ratio is currently 0.0 days.
Institutional Trading of Asia Pacific Wire & Cable
An institutional investor recently raised its position in Asia Pacific Wire & Cable stock. Susquehanna International Group LLP raised its holdings in Asia Pacific Wire & Cable Corporation Limited (NASDAQ:APWC – Free Report) by 57.7% in the third quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund owned 31,901 shares of the company’s stock after acquiring 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. Institutional investors own 1.00% of the company’s stock.
Asia Pacific Wire & Cable Price Performance
APWC traded up $0.02 on Friday, hitting $1.36. 3,182 shares of the company’s stock were exchanged, compared to its average volume of 4,476. Asia Pacific Wire & Cable has a fifty-two week low of $1.27 and a fifty-two week high of $2.34. The stock has a market cap of $28.04 million, a price-to-earnings ratio of 6.48 and a beta of 0.52. The firm has a 50-day moving average price of $1.55 and a 200-day moving average price of $1.74. The company has a current ratio of 2.54, a quick ratio of 1.32 and a debt-to-equity ratio of 0.02.
Analyst Upgrades and Downgrades
Separately, Weiss Ratings reaffirmed a “hold (c)” rating on shares of Asia Pacific Wire & Cable in a research note on Monday, December 29th. One equities research analyst has rated the stock with a Hold rating, Based on data from MarketBeat, the company presently has a consensus rating of “Hold”.
View Our Latest Report on Asia Pacific Wire & Cable
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.