Furukawa Electric Co., Ltd. (OTCMKTS:FUWAY) Shares Shorted: Short Interest Up 130.4% in September

Furukawa Electric Co., Ltd. (OTCMKTS:FUWAY) was the recipient of a significant growth in short interest during the month of September. As of September 15th, there was short interest totaling 161,745 shares, a growth of 130.4% from the August 31st total of 70,217 shares. Based on an average daily volume of 353,274 shares, the days-to-cover ratio is currently 0.5 days.

Furukawa Electric Stock Performance

Shares of Furukawa Electric stock remained flat at $12.05 on Tuesday. 8,227 shares of the stock traded hands, compared to its average volume of 98,258. Furukawa Electric has a 1 year low of $2.90 and a 1 year high of $19.07. The firm has a 50 day moving average of $11.92 and a 200-day moving average of $86.47.

Furukawa Electric Company Profile

Furukawa Electric Co, Ltd. is a Japanese manufacturer of electrical and communications products serving the energy, telecommunications, automotive, industrial and electronics markets. The company develops and produces optical fiber and fiber-optic cables, network equipment, power transmission and distribution cables, and related infrastructure products.

Its product portfolio also includes automotive wiring harnesses and components, electrical connectors, heat-dissipation products, semiconductor-related materials, industrial equipment and other advanced materials.