Furukawa Electric Co., Ltd. (OTCMKTS:FUWAY – Get Free Report) was the recipient of a significant decline in short interest during the month of August. As of August 31st, there was short interest totaling 70,217 shares, a decline of 79.7% from the August 15th total of 345,697 shares. Based on an average daily trading volume, of 158,845 shares, the days-to-cover ratio is currently 0.4 days.
Furukawa Electric Stock Performance
Shares of OTCMKTS FUWAY opened at $13.09 on Friday. The firm has a 50 day moving average price of $22.34 and a two-hundred day moving average price of $92.89. Furukawa Electric has a 52-week low of $2.90 and a 52-week 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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