Short Interest in Furukawa Electric Co., Ltd. (OTCMKTS:FUWAY) Drops By 45.1%

Furukawa Electric Co., Ltd. (OTCMKTS:FUWAY) was the target of a significant decrease in short interest during the month of April. As of April 15th, there was short interest totaling 2,150 shares, a decrease of 45.1% from the March 31st total of 3,919 shares. Based on an average trading volume of 6,179 shares, the days-to-cover ratio is currently 0.3 days.

Furukawa Electric Stock Down 5.2%

FUWAY traded down $7.06 during trading on Monday, reaching $129.80. The stock had a trading volume of 2,811 shares, compared to its average volume of 2,451. Furukawa Electric has a one year low of $15.48 and a one year high of $149.41. The business has a 50-day moving average of $103.64 and a 200-day moving average of $59.22.

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.