Asia Pacific Wire & Cable Corporation Limited (NASDAQ:APWC) Sees Significant Decline in Short Interest

Asia Pacific Wire & Cable Corporation Limited (NASDAQ:APWC) saw a significant decline in short interest in March. As of March 31st, there was short interest totaling 178 shares, a decline of 76.5% from the March 15th total of 759 shares. Currently, 0.0% of the company’s stock are short sold. Based on an average daily volume of 3,665 shares, the days-to-cover ratio is currently 0.0 days.

Analysts Set New Price Targets

Separately, Weiss Ratings reissued a “hold (c)” rating on shares of Asia Pacific Wire & Cable in a research report on Monday, December 29th. One investment analyst has rated the stock with a Hold rating, According to data from MarketBeat, the stock presently has a consensus rating of “Hold”.

Asia Pacific Wire & Cable Price Performance

APWC opened at $1.36 on Monday. The firm has a market cap of $28.04 million, a price-to-earnings ratio of 6.48 and a beta of 0.52. The company’s 50-day moving average price is $1.55 and its 200 day moving average price is $1.73. The company has a quick ratio of 1.32, a current ratio of 2.54 and a debt-to-equity ratio of 0.02. Asia Pacific Wire & Cable has a fifty-two week low of $1.27 and a fifty-two 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 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 disclosure with the Securities and Exchange Commission (SEC). The fund owned 31,901 shares of the company’s stock after buying an additional 11,676 shares during the quarter. Susquehanna International Group LLP owned about 0.15% of Asia Pacific Wire & Cable worth $66,000 at the end of the most recent quarter. 1.00% of the stock is currently 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.