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

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

Institutional Trading of Asia Pacific Wire & Cable

An institutional investor recently raised its stake in Asia Pacific Wire & Cable stock. Susquehanna International Group LLP boosted its position in Asia Pacific Wire & Cable Corporation Limited (NASDAQ:APWC) by 57.7% during the third quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 31,901 shares of the company’s stock after acquiring 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 filing with the Securities and Exchange Commission. 1.00% of the stock is currently owned by institutional investors and hedge funds.

Asia Pacific Wire & Cable Stock Performance

APWC opened at $1.47 on Friday. Asia Pacific Wire & Cable has a 1 year low of $1.26 and a 1 year high of $2.34. The company’s 50 day simple moving average is $1.53 and its 200 day simple moving average is $1.53. The stock has a market capitalization of $30.31 million, a PE ratio of 4.90 and a beta of 0.62.

Asia Pacific Wire & Cable (NASDAQ:APWC) last posted its quarterly earnings results on Tuesday, March 31st. The company reported $0.17 earnings per share for the quarter. The company had revenue of $133.79 million for 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.