Asia Pacific Wire & Cable Corporation Limited (NASDAQ:APWC) Short Interest Down 54.9% in May

Asia Pacific Wire & Cable Corporation Limited (NASDAQ:APWC) was the target of a significant decrease in short interest during the month of May. As of May 15th, there was short interest totaling 979 shares, a decrease of 54.9% from the April 30th total of 2,173 shares. Currently, 0.0% of the shares of the stock are short sold. Based on an average daily trading volume, of 5,156 shares, the short-interest ratio is presently 0.2 days.

Institutional Investors Weigh In On Asia Pacific Wire & Cable

An institutional investor recently raised its position in Asia Pacific Wire & Cable stock. Susquehanna International Group LLP grew its holdings in Asia Pacific Wire & Cable Corporation Limited (NASDAQ:APWC) by 57.7% in the third quarter, according to its most recent disclosure 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 0.15% of Asia Pacific Wire & Cable worth $66,000 as of its most recent filing with the Securities & Exchange Commission. 1.00% of the stock is currently owned by hedge funds and other institutional investors.

Asia Pacific Wire & Cable Stock Down 1.8%

Shares of NASDAQ APWC opened at $1.40 on Friday. The firm has a 50-day simple moving average of $1.41 and a 200-day simple moving average of $1.62. The stock has a market capitalization of $28.95 million, a price-to-earnings ratio of 4.68 and a beta of 0.66. Asia Pacific Wire & Cable has a 52 week low of $1.27 and a 52 week high of $2.34.

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

Asia Pacific Wire & Cable Company Profile

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.