Furukawa Electric Co., Ltd. (OTCMKTS:FUWAY – Get Free Report) saw a large decrease in short interest during the month of 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 trading volume of 158,845 shares, the short-interest ratio is presently 0.4 days.
Furukawa Electric Price Performance
Shares of OTCMKTS FUWAY opened at $13.09 on Friday. Furukawa Electric has a fifty-two week low of $2.90 and a fifty-two week high of $19.07. The firm’s 50-day simple moving average is $22.34 and its 200 day simple moving average is $92.89.
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.
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