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

Asia Pacific Wire & Cable Co. Limited (NASDAQ:APWC) was the target of a large drop in short interest during 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. Based on an average trading volume of 13,300 shares, the short-interest ratio is currently 0.2 days. Approximately 0.1% of the company’s shares are short sold.

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 for the company.

Asia Pacific Wire & Cable Stock Performance

Shares of Asia Pacific Wire & Cable stock opened at $1.51 on Wednesday. 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 business has a fifty day simple moving average of $1.59 and a two-hundred day simple moving average 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 (NASDAQ:APWC) last issued its quarterly earnings results on Monday, December 2nd. The company reported $0.06 EPS for the quarter.

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.