Asia Pacific Wire & Cable Corporation Limited (NASDAQ:APWC – Get Free Report) was the recipient of a large growth in short interest in June. As of June 30th, there was short interest totaling 117,271 shares, a growth of 713.4% from the June 15th total of 14,418 shares. Based on an average trading volume of 4,670,879 shares, the days-to-cover ratio is presently 0.0 days. Currently, 0.6% of the company’s stock are short sold.
Institutional Investors Weigh In On Asia Pacific Wire & Cable
A hedge fund recently raised its position in Asia Pacific Wire & Cable stock. Susquehanna International Group LLP lifted its holdings in shares of Asia Pacific Wire & Cable Corporation Limited (NASDAQ:APWC – Free Report) by 57.7% during the third quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 31,901 shares of the company’s stock after acquiring an additional 11,676 shares during the period. Susquehanna International Group LLP owned 0.15% of Asia Pacific Wire & Cable worth $66,000 at the end of the most recent reporting period. 1.00% of the stock is owned by institutional investors.
Asia Pacific Wire & Cable Price Performance
NASDAQ APWC opened at $1.50 on Monday. Asia Pacific Wire & Cable has a 1 year low of $1.26 and a 1 year high of $2.34. The company has a market capitalization of $30.85 million, a PE ratio of 4.99 and a beta of 0.62. The company has a fifty day moving average of $1.52 and a two-hundred day moving average of $1.57.
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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