Furukawa Electric Co., Ltd. (OTCMKTS:FUWAY – Get Free Report) was the recipient of a large drop in short interest during the month of June. As of June 15th, there was short interest totaling 1,695 shares, a drop of 68.1% from the May 31st total of 5,316 shares. Based on an average daily volume of 26,255 shares, the days-to-cover ratio is presently 0.1 days.
Furukawa Electric Price Performance
Shares of OTCMKTS:FUWAY traded down $7.14 during midday trading on Friday, reaching $150.96. The company had a trading volume of 7,819 shares, compared to its average volume of 4,429. The company’s 50 day moving average price is $153.04 and its 200 day moving average price is $96.14. Furukawa Electric has a 52-week low of $23.27 and a 52-week high of $190.66.
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.
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