Short Interest in Asia Pacific Wire & Cable Co. Limited (NASDAQ:APWC) Increases By 57.1%

Asia Pacific Wire & Cable Co. Limited (NASDAQ:APWC) was the target of a significant growth in short interest during the month of June. As of June 15th, there was short interest totalling 5,500 shares, a growth of 57.1% from the May 31st total of 3,500 shares. Currently, 0.1% of the company’s stock are short sold. Based on an average daily trading volume, of 5,800 shares, the days-to-cover ratio is presently 0.9 days.

Wall Street Analysts Forecast Growth

Separately, StockNews.com started coverage on shares of Asia Pacific Wire & Cable in a research note on Thursday. They issued a “hold” rating on the stock.

Asia Pacific Wire & Cable Stock Up 2.9 %

Asia Pacific Wire & Cable stock traded up $0.04 during midday trading on Friday, reaching $1.59. 1,547 shares of the company traded hands, compared to its average volume of 6,720. Asia Pacific Wire & Cable has a 12 month low of $1.20 and a 12 month high of $2.36. The company has a quick ratio of 1.19, a current ratio of 2.10 and a debt-to-equity ratio of 0.01. The business has a 50 day moving average of $1.50 and a two-hundred day moving average of $1.40.

Asia Pacific Wire & Cable (NASDAQ:APWC) last posted its earnings results on Tuesday, April 30th. The company reported $0.14 earnings per share for the quarter. The firm had revenue of $131.56 million during the quarter.

About Asia Pacific Wire & Cable

Asia Pacific Wire & Cable Corporation Limited, through its subsidiaries, manufactures and distributes enameled wire, power cable, and telecommunications products in Thailand, Singapore, Australia, the People's Republic of China, Hong Kong, and other markets in the Asia Pacific region. The company offers copper rods; and telecommunications cable products, including copper-based and fiber optic cables for telephone and data transmissions; and armored and unarmored low voltage power transmission cable, which is used to transmit electricity to and within commercial and residential buildings, as well as to outdoor installations, such as streetlights, traffic signals, and other signs.