Furukawa Electric Co., Ltd. (OTCMKTS:FUWAY – Get Free Report) was the target of a large decline in short interest during the month of August. As of August 31st, there was short interest totaling 70,217 shares, a decline of 79.7% from the August 15th total of 345,697 shares. Based on an average daily trading volume, of 158,845 shares, the days-to-cover ratio is currently 0.4 days.
Furukawa Electric Trading Up 0.7%
OTCMKTS:FUWAY traded up $0.09 during mid-day trading on Friday, reaching $13.18. The stock had a trading volume of 148,402 shares, compared to its average volume of 88,977. The business’s 50 day moving average is $20.11 and its 200 day moving average is $92.33. Furukawa Electric has a fifty-two week low of $2.90 and a fifty-two week 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.
See Also
- Five stocks we like better than Furukawa Electric
- Rocket Lab Tackles a Supply Chain Bottleneck as the Stock Hunts for a Bottom. Time to Buy?
- Optical Cable Corporation Is Starting to Get the Market’s Attention
- Oil Above $100 Is Creating a New Opportunity Beyond the Major Producers
- Is Nike’s Index Demotion a Warning or a Buying Opportunity?
Receive News & Ratings for Furukawa Electric Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Furukawa Electric and related companies with MarketBeat.com's FREE daily email newsletter.
