Short Interest in Asia Pacific Wire & Cable Co. Limited (NASDAQ:APWC) Rises By 1,200.0%

Asia Pacific Wire & Cable Co. Limited (NASDAQ:APWC) saw a significant growth in short interest in December. As of December 15th, there was short interest totalling 7,800 shares, a growth of 1,200.0% from the November 30th total of 600 shares. Based on an average daily volume of 12,200 shares, the short-interest ratio is currently 0.6 days. Currently, 0.2% of the company’s stock are sold short.

Wall Street Analyst Weigh In

Separately, StockNews.com assumed coverage on shares of Asia Pacific Wire & Cable in a research note on Friday, December 20th. They issued a “hold” rating for the company.

Asia Pacific Wire & Cable Stock Down 3.4 %

Shares of Asia Pacific Wire & Cable stock opened at $1.44 on Friday. The stock has a fifty day moving average price of $1.70 and a 200-day moving average price of $1.58. The company has a quick ratio of 1.35, a current ratio of 2.47 and a debt-to-equity ratio of 0.03. Asia Pacific Wire & Cable has a 1 year low of $1.20 and a 1 year high of $2.02.

About Asia Pacific Wire & Cable

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.