Furukawa Electric Co., Ltd. (OTCMKTS:FUWAY) Stock Short Interest Declines 88.5%

Furukawa Electric Co., Ltd. (OTCMKTS:FUWAY) saw a large decrease in short interest in October. As of October 30th, there was short interest totaling 7,685 shares, a decrease of 88.5% from the October 15th total of 66,705 shares. Based on an average daily volume of 442,449 shares, the days-to-cover ratio is currently 0.0 days.

Furukawa Electric Stock Performance

Shares of OTCMKTS FUWAY opened at $6.72 on Wednesday. Furukawa Electric has a 52 week low of $2.90 and a 52 week high of $19.07. The stock’s fifty day moving average is $11.19 and its 200 day moving average is $70.90.

About Furukawa Electric

Furukawa Electric Co., Ltd. is a Japanese technology and manufacturing company that develops products and systems for telecommunications, energy infrastructure, automotive applications and industrial markets. The company serves customers through operations in Japan and international markets, supported by manufacturing, research and sales activities around the world. Its product portfolio includes optical fiber, fiber-optic cables and components, telecommunications equipment, network solutions, power cables and related infrastructure products.