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 decrease in short interest in January. As of January 15th, there was short interest totalling 3,200 shares, a decrease 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. Currently, 0.1% of the shares of the stock are short sold.

Wall Street Analysts Forecast Growth

Separately, StockNews.com initiated coverage on Asia Pacific Wire & Cable in a report on Wednesday. They set a “hold” rating on the stock.

Asia Pacific Wire & Cable Price Performance

NASDAQ:APWC traded up $0.02 during midday trading on Friday, hitting $1.53. 1,002 shares of the company traded hands, compared to its average volume of 8,134. The firm’s fifty day moving average is $1.57 and its 200-day moving average is $1.57. Asia Pacific Wire & Cable has a 12-month low of $1.20 and a 12-month high of $2.02. The company has a debt-to-equity ratio of 0.03, a quick ratio of 1.35 and a current ratio of 2.47.

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

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.