Furukawa Electric Co., Ltd. (OTCMKTS:FUWAY) Stock Short Interest Report for September

Furukawa Electric Co., Ltd. (OTCMKTS:FUWAY) was the recipient of a large increase in short interest in the month of September. As of September 30th, there was short interest totaling 288,030 shares, an increase of 78.1% from the September 15th total of 161,745 shares. Based on an average daily volume of 419,775 shares, the days-to-cover ratio is presently 0.7 days.

Furukawa Electric Stock Performance

FUWAY traded down $0.89 during midday trading on Friday, reaching $10.16. The company’s stock had a trading volume of 259,835 shares, compared to its average volume of 106,947. The company has a fifty day simple moving average of $12.52 and a 200 day simple moving average of $78.70. Furukawa Electric has a twelve month low of $2.90 and a twelve month 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.