Asia Pacific Wire & Cable Co. Limited (NASDAQ:APWC) Short Interest Down 59.0% in December

Asia Pacific Wire & Cable Co. Limited (NASDAQ:APWC) was the recipient of a significant decline in short interest in the month of December. As of December 31st, there was short interest totalling 3,200 shares, a decline of 59.0% from the December 15th total of 7,800 shares. Currently, 0.1% of the company’s shares are sold short. Based on an average daily volume of 13,300 shares, the days-to-cover ratio is presently 0.2 days.

Asia Pacific Wire & Cable Stock Up 7.4 %

Asia Pacific Wire & Cable stock traded up $0.11 during trading on Wednesday, reaching $1.52. 7,321 shares of the company’s stock were exchanged, compared to its average volume of 11,947. The company’s 50-day moving average is $1.65 and its two-hundred day moving average is $1.57. Asia Pacific Wire & Cable has a 52-week low of $1.20 and a 52-week high of $2.02. The company has a quick ratio of 1.35, a current ratio of 2.47 and a debt-to-equity ratio of 0.03.

Analyst Upgrades and Downgrades

Separately, StockNews.com started coverage on Asia Pacific Wire & Cable in a report on Monday. They issued a “hold” rating on the stock.

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.