Furukawa Electric Co., Ltd. (OTCMKTS:FUWAY – Get Free Report) saw a large growth in short interest in the month of July. As of July 31st, there was short interest totaling 37,134 shares, a growth of 487.7% from the July 15th total of 6,319 shares. Based on an average daily volume of 481,699 shares, the short-interest ratio is presently 0.1 days.
Furukawa Electric Price Performance
FUWAY traded down $0.68 during trading on Thursday, hitting $13.03. 489,228 shares of the company traded hands, compared to its average volume of 84,669. The stock’s fifty day moving average is $79.37 and its 200 day moving average is $99.21. Furukawa Electric has a one year low of $2.85 and a one year high of $19.07.
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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