Furukawa Electric Co., Ltd. (OTCMKTS:FUWAY – Get Free Report) saw a large decrease in short interest during the month of June. As of June 15th, there was short interest totaling 1,695 shares, a decrease 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 presently 0.1 days.
Furukawa Electric Stock Down 4.5%
Shares of FUWAY stock traded down $7.14 during trading hours on Friday, reaching $150.96. The company had a trading volume of 7,819 shares, compared to its average volume of 4,429. The business has a fifty day simple moving average of $153.04 and a 200-day simple moving average of $96.14. Furukawa Electric has a 12 month low of $23.27 and a 12 month high of $190.66.
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.
Featured Articles
- Five stocks we like better than Furukawa Electric
- Costco’s Secret Growth Engine May Be Running Out of Gas
- Why Alphabet’s Pullback May Be an Opportunity in Disguise
- Capri’s Turnaround Is Taking Shape, But Is the Stock a Buy Yet?
- SpaceX Has Real Value—But These 3 Stocks Have Better Odds Right Now
Receive News & Ratings for Furukawa Electric Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Furukawa Electric and related companies with MarketBeat.com's FREE daily email newsletter.
