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

Furukawa Electric Co., Ltd. (OTCMKTS:FUWAY) saw a large drop in short interest in the month of October. As of October 31st, there was short interest totalling 100 shares, a drop of 75.0% from the October 15th total of 400 shares. Based on an average trading volume of 100 shares, the short-interest ratio is currently 1.0 days.

Furukawa Electric Stock Up 14.8 %

Shares of FUWAY stock traded up $2.36 during mid-day trading on Tuesday, hitting $18.26. The stock had a trading volume of 5,100 shares, compared to its average volume of 3,883. Furukawa Electric has a fifty-two week low of $7.41 and a fifty-two week high of $18.26. The company’s 50-day simple moving average is $11.70 and its 200-day simple moving average is $12.12.

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.