Short Interest in Asia Pacific Wire & Cable Co. Limited (NASDAQ:APWC) Drops By 90.3%

Asia Pacific Wire & Cable Co. Limited (NASDAQ:APWC) was the recipient of a significant decrease in short interest in the month of November. As of November 30th, there was short interest totalling 600 shares, a decrease of 90.3% from the November 15th total of 6,200 shares. Based on an average daily trading volume, of 11,500 shares, the days-to-cover ratio is currently 0.1 days. Currently, 0.0% of the company’s shares are short sold.

Asia Pacific Wire & Cable Trading Up 3.8 %

NASDAQ:APWC traded up $0.06 during mid-day trading on Friday, hitting $1.62. The company had a trading volume of 13,056 shares, compared to its average volume of 7,482. Asia Pacific Wire & Cable has a fifty-two week low of $1.20 and a fifty-two week high of $2.02. The business’s fifty day moving average is $1.71 and its two-hundred day moving average is $1.58. The company has a current ratio of 2.47, a quick ratio of 1.35 and a debt-to-equity ratio of 0.03.

Wall Street Analyst Weigh In

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

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.