Asia Pacific Wire & Cable Co. Limited (NASDAQ:APWC) Short Interest Up 412.5% in March

Asia Pacific Wire & Cable Co. Limited (NASDAQ:APWC) was the recipient of a significant increase in short interest in the month of March. As of March 15th, there was short interest totalling 8,200 shares, an increase of 412.5% from the February 29th total of 1,600 shares. Based on an average daily volume of 6,500 shares, the days-to-cover ratio is currently 1.3 days. Approximately 0.2% of the company’s shares are short sold.

Analysts Set New Price Targets

Separately, StockNews.com began coverage on shares of Asia Pacific Wire & Cable in a report on Saturday, March 23rd. They issued a “hold” rating for the company.

Institutional Inflows and Outflows

An institutional investor recently bought a new position in Asia Pacific Wire & Cable stock. RBF Capital LLC bought a new position in shares of Asia Pacific Wire & Cable Co. Limited (NASDAQ:APWC) in the 1st quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor bought 29,831 shares of the company’s stock, valued at approximately $42,000. RBF Capital LLC owned about 0.14% of Asia Pacific Wire & Cable at the end of the most recent quarter. Institutional investors and hedge funds own 1.00% of the company’s stock.

Asia Pacific Wire & Cable Trading Down 3.0 %

Asia Pacific Wire & Cable stock opened at $1.29 on Thursday. Asia Pacific Wire & Cable has a twelve month low of $1.20 and a twelve month high of $2.36. The company has a current ratio of 2.16, a quick ratio of 1.12 and a debt-to-equity ratio of 0.02. The company has a 50 day moving average of $1.34 and a 200-day moving average of $1.36.

Asia Pacific Wire & Cable (NASDAQ:APWC) last released its quarterly earnings results on Tuesday, January 2nd. The company reported $0.05 earnings per share for the quarter. The company had revenue of $100.73 million during the quarter.

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.