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

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

Wall Street Analyst Weigh In

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

Asia Pacific Wire & Cable Stock Performance

APWC stock opened at $1.41 on Tuesday. The company has a debt-to-equity ratio of 0.03, a current ratio of 2.47 and a quick ratio of 1.35. The stock has a 50-day moving average price of $1.66 and a two-hundred day moving average price of $1.57. Asia Pacific Wire & Cable has a 12-month low of $1.20 and a 12-month high of $2.02.

Asia Pacific Wire & Cable Company Profile

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.