Short Interest in Asia Pacific Wire & Cable Corporation Limited (NASDAQ:APWC) Decreases By 33.0%

Asia Pacific Wire & Cable Corporation Limited (NASDAQ:APWC) saw a large drop in short interest during the month of July. As of July 15th, there was short interest totaling 78,585 shares, a drop of 33.0% from the June 30th total of 117,271 shares. Approximately 0.4% of the shares of the company are short sold. Based on an average daily volume of 31,537 shares, the short-interest ratio is currently 2.5 days.

Asia Pacific Wire & Cable Stock Down 0.7%

APWC stock opened at $1.47 on Friday. Asia Pacific Wire & Cable has a twelve month low of $1.26 and a twelve month high of $2.34. The company has a market cap of $30.31 million, a PE ratio of 4.90 and a beta of 0.62. The business’s 50-day simple moving average is $1.53 and its 200 day simple moving average is $1.53.

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

Institutional Trading of Asia Pacific Wire & Cable

An institutional investor recently raised its position in Asia Pacific Wire & Cable stock. Susquehanna International Group LLP lifted its holdings in shares of Asia Pacific Wire & Cable Corporation Limited (NASDAQ:APWC) by 57.7% during the 3rd quarter, according to its most recent disclosure with the SEC. The fund owned 31,901 shares of the company’s stock after purchasing an additional 11,676 shares during the period. Susquehanna International Group LLP owned 0.15% of Asia Pacific Wire & Cable worth $66,000 at the end of the most recent reporting period. Institutional investors own 1.00% of the company’s stock.

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.