Asia Pacific Wire & Cable Co. Limited (NASDAQ:APWC) Short Interest Down 22.2% in May

Asia Pacific Wire & Cable Co. Limited (NASDAQ:APWC) saw a significant drop in short interest in the month of May. As of May 31st, there was short interest totalling 3,500 shares, a drop of 22.2% from the May 15th total of 4,500 shares. Based on an average trading volume of 5,400 shares, the days-to-cover ratio is currently 0.6 days. Currently, 0.1% of the shares of the stock are sold short.

Asia Pacific Wire & Cable Stock Down 1.0 %

Shares of NASDAQ:APWC opened at $1.56 on Friday. Asia Pacific Wire & Cable has a twelve month low of $1.20 and a twelve month high of $2.36. The company has a debt-to-equity ratio of 0.01, a quick ratio of 1.19 and a current ratio of 2.10. The business has a fifty day moving average of $1.45 and a 200-day moving average of $1.39.

Asia Pacific Wire & Cable (NASDAQ:APWC) last announced its earnings results on Tuesday, April 30th. The company reported $0.14 earnings per share for the quarter. The business had revenue of $131.56 million during the quarter.

Wall Street Analysts Forecast Growth

Separately, StockNews.com assumed coverage on Asia Pacific Wire & Cable in a report on Tuesday, June 11th. 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.