Short Interest in Asia Pacific Wire & Cable Co. Limited (NASDAQ:APWC) Declines By 59.0%

Asia Pacific Wire & Cable Co. Limited (NASDAQ:APWC) saw a large drop in short interest in the month of January. As of January 15th, there was short interest totalling 3,200 shares, a drop of 59.0% from the December 31st total of 7,800 shares. Approximately 0.1% of the shares of the company are short sold. Based on an average daily trading volume, of 13,300 shares, the short-interest ratio is currently 0.2 days.

Asia Pacific Wire & Cable Stock Up 0.3 %

Shares of NASDAQ APWC opened at $1.51 on Wednesday. The stock’s 50-day simple moving average is $1.59 and its two-hundred day simple moving average is $1.57. Asia Pacific Wire & Cable has a twelve month low of $1.20 and a twelve month high of $2.02. The company has a debt-to-equity ratio of 0.03, a quick ratio of 1.35 and a current ratio of 2.47.

Asia Pacific Wire & Cable (NASDAQ:APWC) last announced its earnings results on Monday, December 2nd. The company reported $0.06 earnings per share for the quarter.

Analyst Ratings Changes

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

About Asia Pacific Wire & Cable

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.