Short Interest in Asia Pacific Wire & Cable Co. Limited (NASDAQ:APWC) Decreases By 47.8%

Asia Pacific Wire & Cable Co. Limited (NASDAQ:APWC) saw a significant decrease in short interest during the month of October. As of October 15th, there was short interest totalling 1,200 shares, a decrease of 47.8% from the September 30th total of 2,300 shares. Based on an average daily trading volume, of 7,500 shares, the short-interest ratio is currently 0.2 days. Approximately 0.0% of the shares of the stock are short sold.

Wall Street Analyst Weigh In

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

Asia Pacific Wire & Cable Trading Up 5.8 %

Shares of NASDAQ APWC traded up $0.09 during trading hours on Friday, hitting $1.63. 5,683 shares of the company traded hands, compared to its average volume of 6,260. The company’s 50 day moving average price is $1.53 and its 200 day moving average price is $1.50. Asia Pacific Wire & Cable has a 12 month low of $1.20 and a 12 month high of $1.73. The company has a debt-to-equity ratio of 0.04, a quick ratio of 1.25 and a current ratio of 2.21.

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.