Asia Pacific Wire & Cable Co. Limited (NASDAQ:APWC) Sees Large Growth in Short Interest

Asia Pacific Wire & Cable Co. Limited (NASDAQ:APWC) saw a significant growth in short interest in the month of October. As of October 31st, there was short interest totalling 1,500 shares, a growth of 25.0% from the October 15th total of 1,200 shares. Based on an average daily volume of 9,100 shares, the days-to-cover ratio is currently 0.2 days. Approximately 0.0% of the company’s shares are short sold.

Asia Pacific Wire & Cable Stock Performance

Shares of APWC traded down $0.03 during trading on Friday, reaching $1.81. 5,780 shares of the company traded hands, compared to its average volume of 6,969. The stock has a 50-day simple moving average of $1.60 and a 200-day simple moving average of $1.54. The company has a debt-to-equity ratio of 0.04, a current ratio of 2.21 and a quick ratio of 1.25. Asia Pacific Wire & Cable has a twelve month low of $1.20 and a twelve month high of $2.00.

Wall Street Analyst Weigh In

Separately, StockNews.com started coverage on Asia Pacific Wire & Cable in a research report on Sunday, November 10th. They set a “hold” rating for the company.

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.