Asia Pacific Wire & Cable Co. Limited (NASDAQ:APWC) Short Interest Update

Asia Pacific Wire & Cable Co. Limited (NASDAQ:APWC) was the recipient of a significant increase in short interest during the month of December. As of December 15th, there was short interest totalling 7,800 shares, an increase of 1,200.0% from the November 30th total of 600 shares. Based on an average daily volume of 12,200 shares, the days-to-cover ratio is presently 0.6 days. Approximately 0.2% of the shares of the company are short sold.

Wall Street Analyst Weigh In

Separately, StockNews.com began coverage on shares of Asia Pacific Wire & Cable in a research report on Friday, December 20th. They set a “hold” rating for the company.

Asia Pacific Wire & Cable Price Performance

Shares of Asia Pacific Wire & Cable stock traded down $0.04 on Thursday, hitting $1.45. The company’s stock had a trading volume of 41,047 shares, compared to its average volume of 7,743. The company has a debt-to-equity ratio of 0.03, a current ratio of 2.47 and a quick ratio of 1.35. Asia Pacific Wire & Cable has a 1 year low of $1.20 and a 1 year high of $2.02. The firm has a fifty day moving average price of $1.70 and a 200-day moving average price of $1.58.

About Asia Pacific Wire & Cable

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.