Short Interest in Asia Pacific Wire & Cable Co. Limited (NASDAQ:APWC) Drops By 90.3%

Asia Pacific Wire & Cable Co. Limited (NASDAQ:APWC) saw a significant decrease in short interest during the month of November. As of November 30th, there was short interest totalling 600 shares, a decrease of 90.3% from the November 15th total of 6,200 shares. Approximately 0.0% of the shares of the stock are sold short. Based on an average daily volume of 11,500 shares, the short-interest ratio is currently 0.1 days.

Asia Pacific Wire & Cable Stock Up 3.8 %

Shares of APWC traded up $0.06 during trading hours on Friday, hitting $1.62. 13,056 shares of the stock traded hands, compared to its average volume of 7,482. The company has a current ratio of 2.47, a quick ratio of 1.35 and a debt-to-equity ratio of 0.03. Asia Pacific Wire & Cable has a 1-year low of $1.20 and a 1-year high of $2.02. The business has a fifty day moving average of $1.71 and a 200-day moving average of $1.58.

Analysts Set New Price Targets

Separately, StockNews.com initiated coverage on Asia Pacific Wire & Cable in a report on Thursday. They set a “hold” rating on the stock.

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.