Furukawa Electric Co., Ltd. (OTCMKTS:FUWAY) Short Interest Down 41.4% in March

Furukawa Electric Co., Ltd. (OTCMKTS:FUWAY) was the target of a large drop in short interest in March. As of March 31st, there was short interest totaling 3,919 shares, a drop of 41.4% from the March 15th total of 6,689 shares. Based on an average daily volume of 4,945 shares, the short-interest ratio is currently 0.8 days.

Furukawa Electric Price Performance

Shares of FUWAY opened at $144.00 on Monday. Furukawa Electric has a 1-year low of $15.48 and a 1-year high of $144.14. The firm has a 50 day simple moving average of $86.93 and a 200-day simple moving average of $51.60.

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.