Furukawa Electric Co., Ltd. (OTCMKTS:FUWAY – Get Free Report) was the target of a significant increase in short interest in June. As of June 30th, there was short interest totaling 5,855 shares, an increase of 245.4% from the June 15th total of 1,695 shares. Based on an average daily trading volume, of 20,837 shares, the days-to-cover ratio is currently 0.3 days.
Furukawa Electric Price Performance
Shares of OTCMKTS:FUWAY traded up $0.04 during trading on Tuesday, reaching $11.02. The company had a trading volume of 300,286 shares, compared to its average volume of 48,825. The company has a fifty day moving average of $146.67 and a two-hundred day moving average of $102.50. Furukawa Electric has a 12 month low of $2.74 and a 12 month high of $19.07.
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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