Furukawa Electric Co., Ltd. (OTCMKTS:FUWAY – Get Free Report) was the target of a large decrease in short interest in August. As of August 31st, there was short interest totaling 70,217 shares, a decrease of 79.7% from the August 15th total of 345,697 shares. Based on an average daily trading volume, of 158,845 shares, the short-interest ratio is currently 0.4 days.
Furukawa Electric Stock Up 0.7%
OTCMKTS:FUWAY traded up $0.09 during mid-day trading on Friday, reaching $13.18. 148,402 shares of the company were exchanged, compared to its average volume of 88,977. Furukawa Electric has a 12 month low of $2.90 and a 12 month high of $19.07. The company has a fifty day moving average of $20.11 and a 200 day moving average of $92.33.
Furukawa Electric Company Profile
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.
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