Furukawa Electric Co., Ltd. (OTCMKTS:FUWAY – Get Free Report) was the target of a significant growth in short interest in 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 daily volume of 4,394 shares, the short-interest ratio is currently 1.1 days.
Furukawa Electric Stock Down 2.8%
Shares of OTCMKTS FUWAY traded down $4.73 during trading hours on Friday, hitting $162.15. The company’s stock had a trading volume of 14,887 shares, compared to its average volume of 2,600. Furukawa Electric has a 12 month low of $23.27 and a 12 month high of $190.66. The business has a 50-day simple moving average of $136.83 and a 200-day simple moving average of $79.11.
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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