Asia Pacific Wire & Cable Corporation Limited (NASDAQ:APWC) Short Interest Down 54.9% in May

Asia Pacific Wire & Cable Corporation Limited (NASDAQ:APWC) was the recipient of a large drop in short interest during the month of May. As of May 15th, there was short interest totaling 979 shares, a drop of 54.9% from the April 30th total of 2,173 shares. Currently, 0.0% of the company’s stock are short sold. Based on an average daily trading volume, of 5,156 shares, the short-interest ratio is currently 0.2 days.

Asia Pacific Wire & Cable Trading Down 1.0%

Shares of NASDAQ APWC traded down $0.01 during mid-day trading on Tuesday, reaching $1.41. The company had a trading volume of 6,350 shares, compared to its average volume of 5,103. The firm has a 50 day simple moving average of $1.41 and a two-hundred day simple moving average of $1.61. The stock has a market cap of $29.09 million, a P/E ratio of 4.73 and a beta of 0.66. Asia Pacific Wire & Cable has a 52-week low of $1.27 and a 52-week high of $2.34.

Asia Pacific Wire & Cable (NASDAQ:APWC) last posted its earnings results on Tuesday, March 31st. The company reported $0.17 EPS for the quarter. The firm had revenue of $133.79 million for the quarter. Asia Pacific Wire & Cable had a net margin of 1.27% and a return on equity of 2.18%.

Institutional Inflows and Outflows

An institutional investor recently raised its position in Asia Pacific Wire & Cable stock. Susquehanna International Group LLP boosted its holdings in shares of Asia Pacific Wire & Cable Corporation Limited (NASDAQ:APWC) by 57.7% during the 3rd quarter, according to its most recent 13F filing with the SEC. The fund owned 31,901 shares of the company’s stock after purchasing an additional 11,676 shares during the period. Susquehanna International Group LLP owned approximately 0.15% of Asia Pacific Wire & Cable worth $66,000 as of its most recent filing with the SEC. Hedge funds and other institutional investors own 1.00% of the company’s stock.

Asia Pacific Wire & Cable Company Profile

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.