Furukawa Electric Co., Ltd. (OTCMKTS:FUWAY) Stock Short Interest Climbs 78.1%

Furukawa Electric Co., Ltd. (OTCMKTS:FUWAY) saw a significant growth in short interest in the month of September. As of September 30th, there was short interest totaling 288,030 shares, a growth of 78.1% from the September 15th total of 161,745 shares. Based on an average daily trading volume, of 419,775 shares, the short-interest ratio is presently 0.7 days.

Furukawa Electric Stock Down 6.4%

Furukawa Electric stock traded down $0.71 during midday trading on Friday, reaching $10.34. The stock had a trading volume of 129,311 shares, compared to its average volume of 106,455. The firm’s fifty day simple moving average is $12.56 and its 200-day simple moving average is $79.18. Furukawa Electric has a 1-year low of $2.90 and a 1-year high of $19.07.

Furukawa Electric Company Profile

Furukawa Electric Co, Ltd. is a Japanese manufacturer of infrastructure, communications and industrial products. The company develops and produces optical fiber, fiber-optic cables, network equipment and related components used in telecommunications and data communications. It also supplies power cables, energy infrastructure products and electrical components for utility and industrial applications.

Furukawa Electric serves the automotive industry with products such as wiring harnesses, electrical and electronic components, and related systems.