Furukawa Electric Co., Ltd. (OTCMKTS:FUWAY – Get Free Report) saw a large decrease in short interest in the month of October. As of October 15th, there was short interest totaling 66,705 shares, a decrease of 76.8% from the September 30th total of 288,030 shares. Based on an average daily trading volume, of 315,833 shares, the days-to-cover ratio is currently 0.2 days.
Furukawa Electric Stock Performance
Shares of FUWAY traded down $0.02 during trading hours on Wednesday, hitting $9.30. The stock had a trading volume of 5,865 shares, compared to its average volume of 112,269. The firm has a 50-day moving average price of $12.07 and a 200 day moving average price of $72.18. Furukawa Electric has a fifty-two week low of $2.90 and a fifty-two week high of $19.07.
Furukawa Electric Company Profile
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.
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