Furukawa Electric Co., Ltd. (OTCMKTS:FUWAY – Get Free Report) was the target of a large growth in short interest during the month of June. As of June 30th, there was short interest totaling 5,855 shares, a growth of 245.4% from the June 15th total of 1,695 shares. Based on an average trading volume of 20,837 shares, the short-interest ratio is presently 0.3 days.
Furukawa Electric Stock Performance
Furukawa Electric stock opened at $11.63 on Monday. Furukawa Electric has a 12 month low of $2.74 and a 12 month high of $19.07. The stock has a 50-day moving average price of $149.17 and a two-hundred day moving average price of $102.63.
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.
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