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 in July. As of July 15th, there was short interest totalling 900 shares, an increase of 125.0% from the June 30th total of 400 shares. Based on an average trading volume of 300 shares, the short-interest ratio is currently 3.0 days.

Furukawa Electric Stock Up 0.3 %

Shares of OTCMKTS:FUWAY traded up $0.04 during midday trading on Friday, reaching $12.40. The company’s stock had a trading volume of 18,200 shares, compared to its average volume of 3,197. Furukawa Electric has a fifty-two week low of $7.41 and a fifty-two week high of $13.35. The firm has a 50 day moving average price of $12.93 and a two-hundred day moving average price of $11.00.

About Furukawa Electric

Furukawa Electric Co, Ltd. manufactures and sells telecommunications, energy, automobile, electronic, and construction products worldwide. It operates through Infrastructure, Electronics & Automotive Systems, Functional Products, and Service and Developments segments. The company offers telecommunications products, such as broadband systems, routers/network equipment, and wireless products; and optical fiber cables and identifiers, optical closures/termination boxes, optical connectors/cords, fusion splicers/optical connecting tools, optical fiber line monitoring/management systems, optical active component, and metal communication cables, as well as wiring materials.