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

Furukawa Electric Co., Ltd. (OTCMKTS:FUWAY) was the recipient of a large growth in short interest in the month of September. As of September 15th, there was short interest totaling 161,745 shares, a growth of 130.4% from the August 31st total of 70,217 shares. Based on an average daily trading volume, of 353,274 shares, the short-interest ratio is currently 0.5 days.

Furukawa Electric Stock Performance

OTCMKTS:FUWAY traded down $0.14 on Monday, reaching $12.06. The stock had a trading volume of 144,804 shares, compared to its average volume of 98,499. The company has a 50-day moving average of $11.89 and a 200 day moving average of $87.01. 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 electrical and communications products serving the energy, telecommunications, automotive, industrial and electronics markets. The company develops and produces optical fiber and fiber-optic cables, network equipment, power transmission and distribution cables, and related infrastructure products.

Its product portfolio also includes automotive wiring harnesses and components, electrical connectors, heat-dissipation products, semiconductor-related materials, industrial equipment and other advanced materials.