Short Interest in Asia Pacific Wire & Cable Corporation Limited (NASDAQ:APWC) Expands By 713.4%

Asia Pacific Wire & Cable Corporation Limited (NASDAQ:APWC) saw a large increase in short interest in June. As of June 30th, there was short interest totaling 117,271 shares, an increase of 713.4% from the June 15th total of 14,418 shares. Based on an average daily volume of 4,670,879 shares, the short-interest ratio is presently 0.0 days. Approximately 0.6% of the company’s shares are sold short.

Hedge Funds Weigh In On Asia Pacific Wire & Cable

A hedge fund recently raised its position in Asia Pacific Wire & Cable stock. Susquehanna International Group LLP lifted its holdings in Asia Pacific Wire & Cable Corporation Limited (NASDAQ:APWC) by 57.7% during the third quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund owned 31,901 shares of the company’s stock after buying an additional 11,676 shares during the period. Susquehanna International Group LLP owned approximately 0.15% of Asia Pacific Wire & Cable worth $66,000 at the end of the most recent reporting period. 1.00% of the stock is currently owned by institutional investors.

Asia Pacific Wire & Cable Stock Down 1.9%

NASDAQ:APWC traded down $0.03 during trading hours on Friday, reaching $1.53. The company had a trading volume of 17,401 shares, compared to its average volume of 2,494,538. The firm has a market cap of $31.55 million, a price-to-earnings ratio of 5.10 and a beta of 0.62. The business’s 50-day simple moving average is $1.52 and its two-hundred day simple moving average is $1.57. Asia Pacific Wire & Cable has a twelve month low of $1.26 and a twelve month high of $2.34.

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

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.