Furukawa Electric Co., Ltd. (OTCMKTS:FUWAY) Short Interest Update

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

Furukawa Electric Stock Up 7.2%

Shares of OTCMKTS FUWAY traded up $5.97 during midday trading on Tuesday, hitting $89.46. The company had a trading volume of 5,316 shares, compared to its average volume of 1,804. Furukawa Electric has a twelve month low of $14.25 and a twelve month high of $94.56. The business has a 50-day simple moving average of $54.36 and a two-hundred day simple moving average of $39.38.

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.