Asia Pacific Wire & Cable Co. Limited (NASDAQ:APWC) Short Interest Update

Asia Pacific Wire & Cable Co. Limited (NASDAQ:APWC) was the recipient of a large increase in short interest in the month of June. As of June 15th, there was short interest totalling 5,500 shares, an increase of 57.1% from the May 31st total of 3,500 shares. Currently, 0.1% of the shares of the company are sold short. Based on an average trading volume of 5,800 shares, the short-interest ratio is currently 0.9 days.

Asia Pacific Wire & Cable Stock Down 0.6 %

APWC traded down $0.01 during midday trading on Friday, hitting $1.54. 107 shares of the company were exchanged, compared to its average volume of 5,846. The company’s 50 day simple moving average is $1.49 and its 200 day simple moving average is $1.40. The company has a debt-to-equity ratio of 0.01, a current ratio of 2.10 and a quick ratio of 1.19. Asia Pacific Wire & Cable has a 1-year low of $1.20 and a 1-year high of $2.36.

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

Wall Street Analysts Forecast Growth

Separately, StockNews.com initiated coverage on Asia Pacific Wire & Cable in a research report on Thursday. They issued a “hold” rating on the stock.

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.