Investors are feeling more bullish on the company lately as inferred by the change in short interest. The stock realized a fall in short interest of -11.67% as of October 13, 2017 from the last reporting period. Short shares fell 1,201 over that timeframe. With short interest at 9,094 and short average daily volume at 2,776, days to cover is 3.0 and the percentage of shorted shares was 0.00% on October 13.
A few notable investment firms have updated their holdings. Jbf Capital, Inc. added to its position by buying 32,442 shares an increase of 178.4% from 03/31/2017 to 06/30/2017. Jbf Capital, Inc. owns 50,630 shares valued at $152,000. The total value of its holdings increased 204.0%. As of the end of the quarter Ubs Group Ag had acquired a total of 200 shares growing its holdings by 66.7%. The value of the investment in (APWC) went from $1,000 to $2,000 increasing 100.0% quarter over quarter.
As of quarter end Acadian Asset Management LLC had bought 1,128 shares growing its stake by 603.2%. The value in dollars increased from $1,000 to $4,000 a change of 300.0% since the last quarter.
In the market the company is trading up by 7.14% since yesterday’s close of $3.00. It is trading at $3.00 a bit higher than $2.94, the stock’s 50 day moving average and barely above the 200 day moving average of $2.93. The 50 day moving average moved up $0.06 whereas the 200 day moving average was up $0.07 or +2.35%.
The company currently has a P/E ratio of 8.96 and the market cap of the company is 41.46M.
Asia Pacific Wire & Cable Corporation Limited (APWC), launched on October 19, 1996, is a holding company that operates its business through operating subsidiaries and associates, which are principally located in Thailand, China, Singapore and Australia. The Company is principally engaged in the manufacture and distribution of telecommunications (primarily copper, but also fiber optic) and power cable, enameled wire and electronic wire products in the Asia Pacific region, primarily in Thailand, China, Singapore and Australia. The Business’s segments include North Asia region, the Thailand region and the Rest of the World (ROW) region. The Company manufactures and distributes its own wire and cable products (Manufactured Products), and also distributes wire and cable products (Distributed Products) manufactured by its principal shareholder, Pacific Electric Wire & Cable Co., Ltd. (PEWC), and other third-party suppliers. The Company also provides project engineering services in the supply, delivery and installation (SDI) of power cables to certain of its customers..