Furukawa Electric Co., Ltd. (OTCMKTS:FUWAY – Get Free Report) was the recipient of a large increase in short interest during the month of August. As of August 14th, there was short interest totaling 345,697 shares, an increase of 830.9% from the July 30th total of 37,134 shares. Based on an average daily trading volume, of 320,848 shares, the days-to-cover ratio is currently 1.1 days.
Furukawa Electric Price Performance
OTCMKTS FUWAY traded up $1.31 on Tuesday, hitting $12.58. The stock had a trading volume of 43,590 shares, compared to its average volume of 87,576. The company’s 50-day moving average is $56.12 and its two-hundred day moving average is $97.33. Furukawa Electric has a one year low of $2.90 and a one year high of $19.07.
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.
Recommended Stories
- Five stocks we like better than Furukawa Electric
- Pathward’s Credit Scare Tests Its Comeback Story
- Wiring the AI Boom: Rumble’s $13.7B Pivot
- StoneX: Too Far Too Fast?
- DICK’s Sporting Goods Faces Pain Now for a Bigger Prize
Receive News & Ratings for Furukawa Electric Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Furukawa Electric and related companies with MarketBeat.com's FREE daily email newsletter.
