Asia Pacific Wire & Cable Co. Limited (NASDAQ:APWC) Sees Large Increase in Short Interest

Asia Pacific Wire & Cable Co. Limited (NASDAQ:APWC) was the recipient of a significant increase in short interest in 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. Approximately 0.1% of the shares of the stock are short sold. Based on an average daily trading volume, of 8,400 shares, the short-interest ratio is presently 0.3 days.

Analysts Set New Price Targets

Separately, StockNews.com assumed 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 Price Performance

APWC stock opened at $1.54 on Friday. The company has a quick ratio of 1.35, a current ratio of 2.47 and a debt-to-equity ratio of 0.03. The business has a fifty day moving average price of $1.57 and a 200 day moving average price of $1.60. Asia Pacific Wire & Cable has a fifty-two week low of $1.24 and a fifty-two week high of $2.02.

Asia Pacific Wire & Cable Company Profile

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.