Asia Pacific Wire & Cable Co. Limited (NASDAQ:APWC) Short Interest Up 2,000.0% in March

Asia Pacific Wire & Cable Co. Limited (NASDAQ:APWC) saw a large growth in short interest in March. As of March 15th, there was short interest totalling 2,100 shares, a growth of 2,000.0% from the February 28th total of 100 shares. Approximately 0.1% of the shares of the company are short sold. Based on an average daily trading volume, of 8,400 shares, the days-to-cover ratio is currently 0.3 days.

Analyst Upgrades and Downgrades

Separately, StockNews.com assumed coverage on shares of Asia Pacific Wire & Cable in a report on Wednesday. They set a “hold” rating on the stock.

Asia Pacific Wire & Cable Stock Down 1.0 %

NASDAQ:APWC traded down $0.02 during trading hours on Wednesday, reaching $1.53. The company had a trading volume of 942 shares, compared to its average volume of 8,160. The firm’s 50 day moving average price is $1.57 and its 200-day moving average price is $1.60. The company has a current ratio of 2.47, a quick ratio of 1.35 and a debt-to-equity ratio of 0.03. Asia Pacific Wire & Cable has a 52 week low of $1.24 and a 52 week high of $2.02.

Asia Pacific Wire & Cable Company Profile

Asia Pacific Wire & Cable Corp. Ltd. is a holding company, which engages in the business of owning operating companies in the power cable, telecommunication cable, enameled wire, and electronic cable industry. It operates through the following segments: North Asia, Thailand, and Rest of the World.