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

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

Institutional Inflows and Outflows

An institutional investor recently raised its position in Asia Pacific Wire & Cable stock. Susquehanna International Group LLP increased its position in shares of Asia Pacific Wire & Cable Corporation Limited (NASDAQ:APWC) by 57.7% in the third quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 31,901 shares of the company’s stock after purchasing an additional 11,676 shares during the quarter. Susquehanna International Group LLP owned 0.15% of Asia Pacific Wire & Cable worth $66,000 as of its most recent SEC filing. Institutional investors own 1.00% of the company’s stock.

Asia Pacific Wire & Cable Trading Down 1.4%

Shares of NASDAQ:APWC traded down $0.02 on Thursday, hitting $1.36. 297 shares of the company were exchanged, compared to its average volume of 7,392. The firm has a market capitalization of $27.96 million, a P/E ratio of 4.52 and a beta of 0.64. Asia Pacific Wire & Cable has a 1-year low of $1.27 and a 1-year high of $2.34. The stock’s 50 day moving average price is $1.41 and its 200 day moving average price is $1.59.

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

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.