Furukawa Electric Co., Ltd. (OTCMKTS:FUWAY) Sees Significant Decrease in Short Interest

Furukawa Electric Co., Ltd. (OTCMKTS:FUWAY) was the recipient of a large decline in short interest in the month of March. As of March 31st, there was short interest totaling 3,919 shares, a decline of 41.4% from the March 15th total of 6,689 shares. Based on an average daily trading volume, of 4,945 shares, the days-to-cover ratio is presently 0.8 days.

Furukawa Electric Stock Performance

Shares of FUWAY stock traded down $9.61 during mid-day trading on Wednesday, hitting $139.80. The company’s stock had a trading volume of 2,496 shares, compared to its average volume of 2,481. The company’s fifty day simple moving average is $91.02 and its 200-day simple moving average is $53.24. Furukawa Electric has a 52 week low of $15.48 and a 52 week high of $149.41.

Furukawa Electric Company Profile

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.