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

Asia Pacific Wire & Cable Corporation Limited (NASDAQ:APWC) saw a large increase in short interest in 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. Based on an average daily volume of 26,070 shares, the days-to-cover ratio is presently 4.0 days. Approximately 0.5% of the shares of the company are short sold. Approximately 0.5% of the shares of the company are short sold. Based on an average daily volume of 26,070 shares, the days-to-cover ratio is presently 4.0 days.

Analyst Upgrades and Downgrades

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

Asia Pacific Wire & Cable Price Performance

Asia Pacific Wire & Cable stock traded up $0.05 during midday trading on Wednesday, hitting $1.97. 6,008 shares of the company’s stock were exchanged, compared to its average volume of 10,505. The company has a market cap of $40.62 million, a P/E ratio of 9.38 and a beta of 0.13. The company has a debt-to-equity ratio of 0.02, a quick ratio of 1.32 and a current ratio of 2.54. The stock has a 50-day moving average price of $1.82 and a two-hundred day moving average price of $1.82. Asia Pacific Wire & Cable has a 52-week low of $1.36 and a 52-week high of $2.34.

Hedge Funds Weigh In On Asia Pacific Wire & Cable

An institutional investor recently raised its position in Asia Pacific Wire & Cable stock. Susquehanna International Group LLP lifted its stake in Asia Pacific Wire & Cable Corporation Limited (NASDAQ:APWC) by 57.7% during the 3rd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 31,901 shares of the company’s stock after buying 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 SEC filing. 1.00% of the stock is owned by institutional investors.

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.