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

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

Asia Pacific Wire & Cable Stock Up 1.0 %

Shares of NASDAQ:APWC traded up $0.02 during mid-day trading on Friday, reaching $1.53. 1,002 shares of the company traded hands, compared to its average volume of 8,134. The company’s 50 day moving average price is $1.57 and its 200-day moving average price is $1.57. The company has a current ratio of 2.47, a quick ratio of 1.35 and a debt-to-equity ratio of 0.03. Asia Pacific Wire & Cable has a 52 week low of $1.20 and a 52 week high of $2.02.

Asia Pacific Wire & Cable (NASDAQ:APWC) last announced its quarterly earnings data on Monday, December 2nd. The company reported $0.06 earnings per share (EPS) for the quarter.

Analyst Upgrades and Downgrades

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

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.