Furukawa Electric Co., Ltd. (OTCMKTS:FUWAY) Sees Significant Growth in Short Interest

Furukawa Electric Co., Ltd. (OTCMKTS:FUWAY) saw a significant increase in short interest in 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 volume of 320,848 shares, the short-interest ratio is currently 1.1 days.

Furukawa Electric Stock Performance

Shares of Furukawa Electric stock traded up $1.31 during trading hours on Tuesday, reaching $12.58. The stock had a trading volume of 43,590 shares, compared to its average volume of 87,576. The firm has a 50 day simple moving average of $56.12 and a two-hundred day simple moving average of $97.33. Furukawa Electric has a 1 year low of $2.90 and a 1 year high of $19.07.

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.