Asia Pacific Wire & Cable Corporation Limited (NASDAQ:APWC) Short Interest Up 10,491.5% in December

Asia Pacific Wire & Cable Corporation 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 totaling 104,432 shares, an increase of 10,491.5% from the November 30th total of 986 shares. Currently, 0.5% of the shares of the company are short sold. Based on an average trading volume of 26,070 shares, the days-to-cover ratio is currently 4.0 days. Based on an average trading volume of 26,070 shares, the days-to-cover ratio is currently 4.0 days. Currently, 0.5% of the shares of the company are short sold.

Institutional Trading of Asia Pacific Wire & Cable

A hedge fund recently raised its stake in Asia Pacific Wire & Cable stock. Susquehanna International Group LLP raised its holdings in shares of Asia Pacific Wire & Cable Corporation Limited (NASDAQ:APWC) by 57.7% in the 3rd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 31,901 shares of the company’s stock after buying an additional 11,676 shares during the quarter. Susquehanna International Group LLP owned about 0.15% of Asia Pacific Wire & Cable worth $66,000 as of its most recent filing with the Securities & Exchange Commission. Institutional investors own 1.00% of the company’s stock.

Asia Pacific Wire & Cable Stock Up 2.6%

Asia Pacific Wire & Cable stock opened at $1.97 on Friday. The firm has a market capitalization of $40.62 million, a price-to-earnings ratio of 9.38 and a beta of 0.13. The firm has a 50 day simple moving average of $1.82 and a 200 day simple moving average of $1.82. Asia Pacific Wire & Cable has a 1-year low of $1.36 and a 1-year high of $2.34. The company has a current ratio of 2.54, a quick ratio of 1.32 and a debt-to-equity ratio of 0.02.

Wall Street Analyst Weigh In

Separately, Weiss Ratings reissued a “hold (c)” rating on shares of Asia Pacific Wire & Cable in a research report on Monday. One equities research analyst has rated the stock with a Hold rating, According to MarketBeat.com, the company currently has an average rating of “Hold”.

About Asia Pacific Wire & Cable

Asia Pacific Wire & Cable Co, Ltd. is a Thailand-based manufacturer and distributor of electrical wire and cable products. The company specializes in a broad range of products, including low- and medium-voltage power cables, building wires, control and instrumentation cables, telecommunications cables, and specialty conductors. Through its integrated production facilities in the Bangkadi Industrial Estate near Bangkok, Asia Pacific Wire & Cable serves both domestic construction and industrial markets as well as export customers across Southeast Asia.

Founded in 1979, Asia Pacific Wire & Cable has grown from a local wire producer into a regional supplier recognized for its quality control and adherence to international standards.