Furukawa Electric Co., Ltd. (OTCMKTS:FUWAY – Get Free Report) saw a significant increase in short interest during the month of July. As of July 31st, there was short interest totaling 37,134 shares, an increase of 487.7% from the July 15th total of 6,319 shares. Based on an average trading volume of 481,699 shares, the days-to-cover ratio is currently 0.1 days.
Furukawa Electric Price Performance
Shares of FUWAY opened at $12.08 on Wednesday. Furukawa Electric has a 12-month low of $2.85 and a 12-month high of $19.07. The stock’s fifty day simple moving average is $82.47 and its 200-day simple moving average is $99.35.
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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