Furukawa Electric Co., Ltd. (OTCMKTS:FUWAY) Stock Short Interest Climbs 130.4%

Furukawa Electric Co., Ltd. (OTCMKTS:FUWAY) was the recipient of a large growth in short interest during the month of September. As of September 15th, there was short interest totaling 161,745 shares, a growth of 130.4% from the August 31st total of 70,217 shares. Based on an average daily trading volume, of 353,274 shares, the days-to-cover ratio is currently 0.5 days.

Furukawa Electric Stock Up 0.1%

Shares of FUWAY stock traded up $0.01 during trading hours on Friday, reaching $12.20. 51,889 shares of the company’s stock were exchanged, compared to its average volume of 98,457. Furukawa Electric has a fifty-two week low of $2.90 and a fifty-two week high of $19.07. The business has a fifty day moving average price of $11.89 and a 200-day moving average price of $86.99.

About Furukawa Electric

Furukawa Electric Co, Ltd. is a Japanese manufacturer of electrical and communications products serving the energy, telecommunications, automotive, industrial and electronics markets. The company develops and produces optical fiber and fiber-optic cables, network equipment, power transmission and distribution cables, and related infrastructure products.

Its product portfolio also includes automotive wiring harnesses and components, electrical connectors, heat-dissipation products, semiconductor-related materials, industrial equipment and other advanced materials.