Short Interest in Asia Pacific Wire & Cable Corporation Limited (NASDAQ:APWC) Expands By 804.0%

Asia Pacific Wire & Cable Corporation Limited (NASDAQ:APWC) saw a large growth in short interest during the month of May. As of May 29th, there was short interest totaling 8,850 shares, a growth of 804.0% from the May 14th total of 979 shares. Based on an average daily volume of 5,324 shares, the days-to-cover ratio is presently 1.7 days. Currently, 0.0% of the company’s stock are sold short.

Asia Pacific Wire & Cable Stock Down 0.7%

APWC stock opened at $1.37 on Wednesday. Asia Pacific Wire & Cable has a 52-week low of $1.27 and a 52-week high of $2.34. The stock’s 50 day moving average is $1.41 and its two-hundred day moving average is $1.59. The company has a market capitalization of $28.27 million, a PE ratio of 4.57 and a beta of 0.64.

Asia Pacific Wire & Cable (NASDAQ:APWC) last issued its quarterly earnings results on Tuesday, March 31st. The company reported $0.17 earnings per share for the quarter. Asia Pacific Wire & Cable had a return on equity of 2.18% and a net margin of 1.27%.The business had revenue of $133.79 million during the quarter.

Institutional Inflows and Outflows

A hedge fund recently raised its stake in Asia Pacific Wire & Cable stock. Susquehanna International Group LLP grew its holdings in shares of Asia Pacific Wire & Cable Corporation Limited (NASDAQ:APWC) by 57.7% in the third quarter, according to its most recent filing with the SEC. The firm owned 31,901 shares of the company’s stock after acquiring an additional 11,676 shares during the quarter. Susquehanna International Group LLP owned about 0.15% of Asia Pacific Wire & Cable worth $66,000 as of its most recent SEC filing. 1.00% of the stock is owned by hedge funds and other institutional investors.

About Asia Pacific Wire & Cable

Asia Pacific Wire & Cable Co, Ltd. is a Thailand-based manufacturer and distributor of electrical wire and cable products. The company specializes in a broad range of products, including low- and medium-voltage power cables, building wires, control and instrumentation cables, telecommunications cables, and specialty conductors. Through its integrated production facilities in the Bangkadi Industrial Estate near Bangkok, Asia Pacific Wire & Cable serves both domestic construction and industrial markets as well as export customers across Southeast Asia.

Founded in 1979, Asia Pacific Wire & Cable has grown from a local wire producer into a regional supplier recognized for its quality control and adherence to international standards.