Furukawa Electric Co., Ltd. (OTCMKTS:FUWAY – Get Free Report) was the target of a large increase in short interest during the month of January. As of January 15th, there was short interest totaling 1,299 shares, an increase of 118.7% from the December 31st total of 594 shares. Based on an average daily volume of 783 shares, the short-interest ratio is presently 1.7 days. Based on an average daily volume of 783 shares, the short-interest ratio is presently 1.7 days.
Furukawa Electric Stock Up 0.7%
Shares of OTCMKTS:FUWAY opened at $45.00 on Friday. The business has a 50-day moving average of $32.31 and a two-hundred day moving average of $30.77. Furukawa Electric has a fifty-two week low of $14.25 and a fifty-two week high of $47.67.
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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