Asia Pacific Wire & Cable Co. Limited (NASDAQ:APWC) Short Interest Update

Posted by Defense World Staff on Aug 26th, 2023

Asia Pacific Wire & Cable Co. Limited (NASDAQ:APWC – Get Free Report) saw a large drop in short interest in the month of August. As of August 15th, there was short interest totalling 800 shares, a drop of 87.9% from the July 31st total of 6,600 shares. Based on an average daily volume of 9,600 shares, the days-to-cover ratio is currently 0.1 days. Currently, 0.0% of the shares of the stock are short sold.

Asia Pacific Wire & Cable Stock Performance

Shares of APWC opened at $1.63 on Friday. The company has a 50-day moving average of $1.81 and a 200 day moving average of $1.63. The company has a current ratio of 2.24, a quick ratio of 1.26 and a debt-to-equity ratio of 0.07. Asia Pacific Wire & Cable has a 1-year low of $1.22 and a 1-year high of $2.36.

Institutional Trading of Asia Pacific Wire & Cable

An institutional investor recently bought a new position in Asia Pacific Wire & Cable stock. RBF Capital LLC bought a new position in Asia Pacific Wire & Cable Co. Limited (NASDAQ:APWC – Free Report) in the first quarter, according to its most recent filing with the SEC. The firm bought 29,831 shares of the company’s stock, valued at approximately $42,000. RBF Capital LLC owned approximately 0.14% of Asia Pacific Wire & Cable as of its most recent SEC filing. 1.14% of the stock is owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

Separately, StockNews.com initiated coverage on shares of Asia Pacific Wire & Cable in a research note on Sunday, August 20th. They set a “hold” rating on the stock.

Get Our Latest Stock Report on Asia Pacific Wire & Cable

Asia Pacific Wire & Cable Company Profile

(Get Free Report)

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.