Asia Pacific Wire & Cable Co. Limited (NASDAQ:APWC) Sees Large Decline in Short Interest

Asia Pacific Wire & Cable Co. Limited (NASDAQ:APWC) saw a large drop in short interest in March. As of March 31st, there was short interest totalling 300 shares, a drop of 85.7% from the March 15th total of 2,100 shares. Currently, 0.0% of the shares of the company are sold short. Based on an average daily volume of 6,200 shares, the short-interest ratio is currently 0.0 days.

Asia Pacific Wire & Cable Trading Up 6.0 %

Shares of Asia Pacific Wire & Cable stock traded up $0.09 on Monday, reaching $1.57. 1,268 shares of the stock were exchanged, compared to its average volume of 6,450. Asia Pacific Wire & Cable has a twelve month low of $1.24 and a twelve month high of $2.02. The business has a 50 day moving average price of $1.57 and a two-hundred day moving average price of $1.60. The company has a current ratio of 2.47, a quick ratio of 1.35 and a debt-to-equity ratio of 0.03.

Asia Pacific Wire & Cable (NASDAQ:APWC) last released its quarterly earnings data on Monday, March 31st. The company reported $0.13 EPS for the quarter. The business had revenue of $136.11 million during the quarter.

Analysts Set New Price Targets

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

Asia Pacific Wire & Cable Company Profile

Asia Pacific Wire & Cable Corp. Ltd. is a holding company, which engages in the business of owning operating companies in the power cable, telecommunication cable, enameled wire, and electronic cable industry. It operates through the following segments: North Asia, Thailand, and Rest of the World.