Furukawa Electric Co., Ltd. (OTCMKTS:FUWAY) Shares Shorted: Short Interest Down 88.5% in October

Furukawa Electric Co., Ltd. (OTCMKTS:FUWAY) was the recipient of a large decrease in short interest during the month of October. As of October 30th, there was short interest totaling 7,685 shares, a decrease of 88.5% from the October 15th total of 66,705 shares. Based on an average trading volume of 442,449 shares, the days-to-cover ratio is presently 0.0 days.

Furukawa Electric Stock Performance

FUWAY opened at $7.17 on Friday. Furukawa Electric has a 52 week low of $2.90 and a 52 week high of $19.07. The business has a fifty day simple moving average of $11.01 and a 200-day simple moving average of $70.63.

Furukawa Electric Company Profile

Furukawa Electric Co., Ltd. is a Japanese technology and manufacturing company that develops products and systems for telecommunications, energy infrastructure, automotive applications and industrial markets. The company serves customers through operations in Japan and international markets, supported by manufacturing, research and sales activities around the world. Its product portfolio includes optical fiber, fiber-optic cables and components, telecommunications equipment, network solutions, power cables and related infrastructure products.