Asia Pacific Wire & Cable Co. Limited (NASDAQ:APWC) Short Interest Up 25.0% in October

Asia Pacific Wire & Cable Co. Limited (NASDAQ:APWC) was the target of a large 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. Approximately 0.0% of the company’s shares are sold short. Based on an average daily trading volume, of 9,100 shares, the short-interest ratio is presently 0.2 days.

Asia Pacific Wire & Cable Price Performance

Shares of APWC stock opened at $1.81 on Friday. The company has a current ratio of 2.21, a quick ratio of 1.25 and a debt-to-equity ratio of 0.04. Asia Pacific Wire & Cable has a fifty-two week low of $1.20 and a fifty-two week high of $2.00. The business’s 50 day moving average price is $1.61 and its 200-day moving average price is $1.54.

Analyst Ratings Changes

Separately, StockNews.com began coverage on shares of Asia Pacific Wire & Cable in a research note 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.