Furukawa Electric Co., Ltd. (OTCMKTS:FUWAY – Get Free Report) was the target of a significant increase in short interest during the month of August. As of August 14th, there was short interest totaling 345,697 shares, an increase of 830.9% from the July 30th total of 37,134 shares. Based on an average daily volume of 320,848 shares, the days-to-cover ratio is presently 1.1 days.
Furukawa Electric Trading Up 0.7%
OTCMKTS:FUWAY traded up $0.09 on Thursday, hitting $12.67. The stock had a trading volume of 21,903 shares, compared to its average volume of 87,304. Furukawa Electric has a 1 year low of $2.90 and a 1 year high of $19.07. The firm’s fifty day simple moving average is $53.46 and its two-hundred day simple moving average is $97.10.
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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