Furukawa Electric Co., Ltd. (OTCMKTS:FUWAY) Short Interest Up 118.7% in January

Furukawa Electric Co., Ltd. (OTCMKTS:FUWAY) saw a large growth in short interest in the month of January. As of January 15th, there was short interest totaling 1,299 shares, a growth of 118.7% from the December 31st total of 594 shares. Based on an average daily trading volume, of 783 shares, the short-interest ratio is presently 1.7 days. Based on an average daily trading volume, of 783 shares, the short-interest ratio is presently 1.7 days.

Furukawa Electric Price Performance

Furukawa Electric stock opened at $45.00 on Friday. Furukawa Electric has a 1 year low of $14.25 and a 1 year high of $47.67. The firm has a 50-day moving average of $32.31 and a two-hundred day moving average of $30.82.

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.