Furukawa Electric Co., Ltd. (OTCMKTS:FUWAY – Get Free Report) was the recipient of a large growth in short interest in the month of May. As of May 15th, there was short interest totaling 4,669 shares, a growth of 202.2% from the April 30th total of 1,545 shares. Based on an average trading volume of 4,394 shares, the short-interest ratio is presently 1.1 days.
Furukawa Electric Price Performance
Furukawa Electric stock opened at $162.15 on Friday. Furukawa Electric has a twelve month low of $23.27 and a twelve month high of $190.66. The firm has a 50 day moving average price of $136.83 and a 200-day moving average price of $79.11.
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.
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