Furukawa Electric Co., Ltd. (OTCMKTS:FUWAY) Short Interest Update

Furukawa Electric Co., Ltd. (OTCMKTS:FUWAY) was the recipient of a large decline in short interest in the month of February. As of February 28th, there was short interest totalling 300 shares, a decline of 72.7% from the February 13th total of 1,100 shares. Based on an average daily volume of 300 shares, the days-to-cover ratio is currently 1.0 days.

Furukawa Electric Stock Performance

OTCMKTS:FUWAY remained flat at $23.00 during midday trading on Thursday. The company’s 50 day moving average price is $22.79 and its 200 day moving average price is $17.99. Furukawa Electric has a fifty-two week low of $9.72 and a fifty-two week high of $26.78.

About Furukawa Electric

Furukawa Electric Co, Ltd. manufactures and sells telecommunications, energy, automobile, electronic, and construction products worldwide. It operates through Infrastructure, Electronics & Automotive Systems, Functional Products, and Service and Developments segments. The company offers telecommunications products, such as broadband systems, routers/network equipment, and wireless products; and optical fiber cables and identifiers, optical closures/termination boxes, optical connectors/cords, fusion splicers/optical connecting tools, optical fiber line monitoring/management systems, optical active component, and metal communication cables, as well as wiring materials.