Furukawa Electric Co., Ltd. (OTCMKTS:FUWAY) Short Interest Down 80.9% in February

Furukawa Electric Co., Ltd. (OTCMKTS:FUWAY) was the target of a significant decrease in short interest in February. As of February 13th, there was short interest totaling 301 shares, a decrease of 80.9% from the January 29th total of 1,578 shares. Based on an average daily trading volume, of 1,706 shares, the days-to-cover ratio is presently 0.2 days. Based on an average daily trading volume, of 1,706 shares, the days-to-cover ratio is presently 0.2 days.

Furukawa Electric Price Performance

FUWAY stock traded up $1.13 during trading on Friday, reaching $88.67. 2,692 shares of the company were exchanged, compared to its average volume of 1,662. Furukawa Electric has a twelve month low of $14.25 and a twelve month high of $94.32. The company has a 50-day moving average of $47.16 and a two-hundred day moving average of $36.65.

About Furukawa Electric

Furukawa Electric Co, Ltd. is a Tokyo-based Japanese manufacturer providing a diverse range of electric wires, cables and high-tech components. Its core offerings include power transmission cables, optical fiber communication systems, copper wire rods, magnet wires, automotive wiring harnesses and electronic device packaging, serving sectors such as utilities, telecommunications, automotive and consumer electronics.

Established in 1884 during Japan’s Meiji period, Furukawa Electric is a key member of the Furukawa Group conglomerate.