Furukawa Electric Co., Ltd. (OTCMKTS:FUWAY) Stock Short Interest Declines 76.8%

Furukawa Electric Co., Ltd. (OTCMKTS:FUWAY) was the recipient of a large decline in short interest in the month of October. As of October 15th, there was short interest totaling 66,705 shares, a decline of 76.8% from the September 30th total of 288,030 shares. Based on an average trading volume of 315,833 shares, the short-interest ratio is currently 0.2 days.

Furukawa Electric Stock Down 0.2%

Shares of Furukawa Electric stock traded down $0.02 during trading on Wednesday, reaching $9.30. The company’s stock had a trading volume of 5,865 shares, compared to its average volume of 112,269. Furukawa Electric has a 12-month low of $2.90 and a 12-month high of $19.07. The business has a 50 day moving average price of $12.07 and a 200-day moving average price of $72.18.

About Furukawa Electric

Furukawa Electric Co, Ltd. is a Japanese manufacturer of infrastructure, communications and industrial products. The company develops and produces optical fiber, fiber-optic cables, network equipment and related components used in telecommunications and data communications. It also supplies power cables, energy infrastructure products and electrical components for utility and industrial applications.

Furukawa Electric serves the automotive industry with products such as wiring harnesses, electrical and electronic components, and related systems.