Furukawa Electric Co., Ltd. (OTCMKTS:FUWAY) Sees Large Decrease in Short Interest

Furukawa Electric Co., Ltd. (OTCMKTS:FUWAY) was the target of a large drop in short interest in February. As of February 28th, there was short interest totalling 300 shares, a drop of 72.7% from the February 13th total of 1,100 shares. Based on an average daily trading volume, of 300 shares, the days-to-cover ratio is presently 1.0 days.

Furukawa Electric Price Performance

FUWAY stock opened at $23.00 on Friday. The firm has a fifty day moving average price of $22.85 and a 200 day moving average price of $18.10. Furukawa Electric has a fifty-two week low of $9.72 and a fifty-two week high of $26.78.

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.