Asia Pacific Wire & Cable Corporation Limited (NASDAQ:APWC – Get Free Report) was the recipient of a significant growth in short interest during the month of May. As of May 29th, there was short interest totaling 8,850 shares, a growth of 804.0% from the May 14th total of 979 shares. Approximately 0.0% of the shares of the stock are sold short. Based on an average trading volume of 5,324 shares, the days-to-cover ratio is presently 1.7 days.
Institutional Trading of Asia Pacific Wire & Cable
A hedge fund recently raised its stake in Asia Pacific Wire & Cable stock. Susquehanna International Group LLP lifted its stake in shares of Asia Pacific Wire & Cable Corporation Limited (NASDAQ:APWC – Free Report) by 57.7% in the 3rd quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm 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 as of its most recent filing with the Securities & Exchange Commission. Hedge funds and other institutional investors own 1.00% of the company’s stock.
Asia Pacific Wire & Cable Price Performance
Shares of NASDAQ APWC opened at $1.42 on Friday. The company has a 50 day simple moving average of $1.41 and a 200 day simple moving average of $1.59. The firm has a market cap of $29.20 million, a PE ratio of 4.72 and a beta of 0.64. Asia Pacific Wire & Cable has a 1 year low of $1.27 and a 1 year high of $2.34.
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.
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