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

Furukawa Electric Co., Ltd. (OTCMKTS:FUWAY) was the recipient of a large 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 Price Performance

Shares of OTCMKTS:FUWAY opened at $95.44 on Tuesday. The company’s 50-day moving average is $72.43 and its 200 day moving average is $46.05. Furukawa Electric has a fifty-two week low of $14.25 and a fifty-two week high of $102.28.

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.