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

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

Wall Street Analysts Forecast Growth

Separately, StockNews.com started coverage on shares of Asia Pacific Wire & Cable in a research report on Monday. They set a “hold” rating for the company.

Asia Pacific Wire & Cable Trading Down 4.2 %

Asia Pacific Wire & Cable stock opened at $1.41 on Tuesday. The company has a 50-day simple moving average of $1.66 and a 200-day simple moving average of $1.57. Asia Pacific Wire & Cable has a one year low of $1.20 and a one year 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 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.