Furukawa Electric Co., Ltd. (OTCMKTS:FUWAY – Get Free Report) was the recipient of a large growth in short interest during the month of September. As of September 30th, there was short interest totaling 288,030 shares, a growth of 78.1% from the September 15th total of 161,745 shares. Based on an average daily volume of 419,775 shares, the short-interest ratio is currently 0.7 days.
Furukawa Electric Stock Down 10.4%
OTCMKTS FUWAY traded down $1.22 on Thursday, reaching $10.51. The stock had a trading volume of 9,926 shares, compared to its average volume of 104,284. The stock has a fifty day moving average price of $12.60 and a two-hundred day moving average price of $79.75. Furukawa Electric has a 12-month low of $2.90 and a 12-month high of $19.07.
About Furukawa Electric
Furukawa Electric Co, Ltd. is a Japanese manufacturer of infrastructure, communications and industrial products. The company develops and produces optical fiber, fiber-optic cables, network equipment and related components used in telecommunications and data communications. It also supplies power cables, energy infrastructure products and electrical components for utility and industrial applications.
Furukawa Electric serves the automotive industry with products such as wiring harnesses, electrical and electronic components, and related systems.
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