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

Furukawa Electric Co., Ltd. (OTCMKTS:FUWAY) was the target of a large growth in short interest during the month of February. As of February 27th, there was short interest totaling 5,460 shares, a growth of 1,714.0% from the February 12th total of 301 shares. Based on an average trading volume of 6,130 shares, the days-to-cover ratio is currently 0.9 days. Based on an average trading volume of 6,130 shares, the days-to-cover ratio is currently 0.9 days.

Furukawa Electric Trading Up 0.6%

Shares of FUWAY stock traded up $0.54 on Thursday, hitting $90.00. 514 shares of the stock traded hands, compared to its average volume of 1,747. Furukawa Electric has a twelve month low of $14.25 and a twelve month high of $94.56. The firm’s 50-day moving average price is $56.75 and its two-hundred day moving average price is $40.15.

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.