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

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

Analysts Set New Price Targets

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

Asia Pacific Wire & Cable Stock Performance

Shares of NASDAQ APWC opened at $1.53 on Thursday. 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 has a one year low of $1.24 and a one year high of $2.02. The business’s 50-day moving average price is $1.57 and its two-hundred day moving average price is $1.60.

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.