Asia Pacific Wire & Cable Co. Limited (NASDAQ:APWC) Short Interest Up 9.5% in April

Asia Pacific Wire & Cable Co. Limited (NASDAQ:APWC) was the target of a significant growth in short interest in the month of April. As of April 15th, there was short interest totalling 2,300 shares, a growth of 9.5% from the March 31st total of 2,100 shares. Approximately 0.1% of the shares of the company are short sold. Based on an average trading volume of 4,700 shares, the days-to-cover ratio is presently 0.5 days.

Analyst Ratings Changes

Separately, StockNews.com initiated coverage on shares of Asia Pacific Wire & Cable in a research report on Wednesday, April 24th. They set a “hold” rating on the stock.

Asia Pacific Wire & Cable Trading Up 3.8 %

Shares of APWC stock opened at $1.39 on Thursday. Asia Pacific Wire & Cable has a 1 year low of $1.20 and a 1 year high of $2.36. The firm’s fifty day simple moving average is $1.35 and its 200 day simple moving average is $1.34. The company has a quick ratio of 1.12, a current ratio of 2.16 and a debt-to-equity ratio of 0.02.

Asia Pacific Wire & Cable Company Profile

Asia Pacific Wire & Cable Corporation Limited, through its subsidiaries, manufactures and distributes enameled wire, power cable, and telecommunications products in Thailand, Singapore, Australia, the People's Republic of China, Hong Kong, and other markets in the Asia Pacific region. The company offers copper rods; and telecommunications cable products, including copper-based and fiber optic cables for telephone and data transmissions; and armored and unarmored low voltage power transmission cable, which is used to transmit electricity to and within commercial and residential buildings, as well as to outdoor installations, such as streetlights, traffic signals, and other signs.