Furukawa Electric Co., Ltd. (OTCMKTS:FUWAY – Get Free Report) was the recipient of a significant drop in short interest during the month of June. As of June 15th, there was short interest totaling 1,695 shares, a drop of 68.1% from the May 31st total of 5,316 shares. Based on an average trading volume of 26,255 shares, the days-to-cover ratio is currently 0.1 days.
Furukawa Electric Stock Performance
Shares of Furukawa Electric stock traded up $4.10 on Tuesday, hitting $155.10. 5,738 shares of the company’s stock traded hands, compared to its average volume of 4,467. The firm’s 50-day moving average price is $153.21 and its two-hundred day moving average price is $97.43. Furukawa Electric has a one year low of $23.27 and a one year high of $190.66.
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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