Short Interest in Asia Pacific Wire & Cable Co. Limited (NASDAQ:APWC) Decreases By 47.8%

Asia Pacific Wire & Cable Co. Limited (NASDAQ:APWC) was the target of a large decrease in short interest in October. As of October 15th, there was short interest totalling 1,200 shares, a decrease of 47.8% from the September 30th total of 2,300 shares. Approximately 0.0% of the shares of the stock are short sold. Based on an average trading volume of 7,500 shares, the days-to-cover ratio is currently 0.2 days.

Wall Street Analyst Weigh In

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

Asia Pacific Wire & Cable Stock Up 0.6 %

APWC traded up $0.01 during trading hours on Monday, hitting $1.64. 1,637 shares of the company’s stock were exchanged, compared to its average volume of 6,237. Asia Pacific Wire & Cable has a 12-month low of $1.20 and a 12-month high of $1.73. The company has a debt-to-equity ratio of 0.04, a current ratio of 2.21 and a quick ratio of 1.25. The firm has a 50 day moving average of $1.53 and a 200 day moving average of $1.50.

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.