Furukawa Electric Co., Ltd. (OTCMKTS:FUWAY) Short Interest Up 22.5% in March

Furukawa Electric Co., Ltd. (OTCMKTS:FUWAY) saw a significant increase in short interest during the month of March. As of March 13th, there was short interest totaling 6,689 shares, an increase of 22.5% from the February 26th total of 5,460 shares. Based on an average daily volume of 7,566 shares, the days-to-cover ratio is presently 0.9 days.

Furukawa Electric Trading Up 3.1%

Shares of Furukawa Electric stock traded up $2.90 during trading on Monday, reaching $95.86. The company’s stock had a trading volume of 1,059 shares, compared to its average volume of 2,287. Furukawa Electric has a one year low of $14.25 and a one year high of $102.28. The business’s fifty day moving average price is $71.18 and its 200-day moving average price is $45.60.

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.