Asia Pacific Wire & Cable Co. Limited (NASDAQ:APWC – Get Free Report) 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.
View Our Latest Analysis on Asia Pacific Wire & Cable
Asia Pacific Wire & Cable Stock Up 0.6 %
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.
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