Asia Pacific Wire & Cable Corporation Limited (NASDAQ:APWC) Short Interest Up 765.2% in April
by Jessica Moore · The Cerbat GemAsia Pacific Wire & Cable Corporation Limited (NASDAQ:APWC – Get Free Report) was the recipient of a large growth in short interest in April. As of April 15th, there was short interest totaling 1,540 shares, a growth of 765.2% from the March 31st total of 178 shares. Currently, 0.0% of the company’s stock are sold short. Based on an average trading volume of 6,422 shares, the short-interest ratio is presently 0.2 days.
Asia Pacific Wire & Cable Stock Performance
Shares of APWC stock traded up $0.04 during trading on Friday, reaching $1.38. 6,612 shares of the company’s stock were exchanged, compared to its average volume of 7,875. The company has a quick ratio of 1.32, a current ratio of 2.54 and a debt-to-equity ratio of 0.02. The stock has a market capitalization of $28.46 million, a PE ratio of 6.57 and a beta of 0.52. Asia Pacific Wire & Cable has a twelve month low of $1.27 and a twelve month high of $2.34. The firm’s fifty day moving average price is $1.49 and its 200-day moving average price is $1.69.
Institutional Inflows and Outflows
A hedge fund recently raised its stake in Asia Pacific Wire & Cable stock. Susquehanna International Group LLP increased its holdings in shares of Asia Pacific Wire & Cable Corporation Limited (NASDAQ:APWC – Free Report) by 57.7% during the third quarter, according to its most recent 13F 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 quarter. Susquehanna International Group LLP owned about 0.15% of Asia Pacific Wire & Cable worth $66,000 as of its most recent SEC filing. 1.00% of the stock is currently owned by institutional investors and hedge funds.
Analyst Upgrades and Downgrades
Separately, Weiss Ratings restated a “hold (c)” rating on shares of Asia Pacific Wire & Cable in a research note on Monday, December 29th. One analyst has rated the stock with a Hold rating, According to MarketBeat, the company currently has an average rating of “Hold”.
Get Our Latest Stock Report on APWC
About Asia Pacific Wire & Cable
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.