Short Interest in Furukawa Electric Co., Ltd. (OTCMKTS:FUWAY) Rises By 200.0%

Furukawa Electric Co., Ltd. (OTCMKTS:FUWAY) saw a large growth in short interest in the month of November. As of November 15th, there was short interest totalling 300 shares, a growth of 200.0% from the October 31st total of 100 shares. Based on an average trading volume of 5,500 shares, the days-to-cover ratio is currently 0.1 days.

Furukawa Electric Stock Performance

Shares of FUWAY remained flat at $20.40 during midday trading on Friday. Furukawa Electric has a 1-year low of $7.41 and a 1-year high of $20.99. The stock has a 50-day moving average of $13.84 and a 200-day moving average of $12.87.

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.