Furukawa Electric Co., Ltd. (OTCMKTS:FUWAY – Get Free Report) saw a large decline in short interest during the month of June. As of June 15th, there was short interest totaling 1,695 shares, a decline of 68.1% from the May 31st total of 5,316 shares. Based on an average trading volume of 26,255 shares, the short-interest ratio is currently 0.1 days.
Furukawa Electric Stock Performance
Shares of FUWAY stock opened at $150.96 on Monday. Furukawa Electric has a 1-year low of $23.27 and a 1-year high of $190.66. The business has a 50-day moving average of $153.04 and a 200 day moving average of $96.61.
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.
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