Furukawa Electric Co., Ltd. (OTCMKTS:FUWAY – Get Rating) was the recipient of a significant decline in short interest in December. As of December 30th, there was short interest totalling 1,700 shares, a decline of 5.6% from the December 15th total of 1,800 shares. Based on an average daily volume of 1,400 shares, the short-interest ratio is currently 1.2 days.
Analyst Ratings Changes
Separately, The Goldman Sachs Group began coverage on shares of Furukawa Electric in a research report on Tuesday, December 6th. They set a “sell” rating on the stock.
Furukawa Electric Stock Up 0.8 %
Shares of FUWAY opened at $9.17 on Monday. The company’s 50 day moving average price is $9.21 and its 200 day moving average price is $8.68. Furukawa Electric has a 52 week low of $7.45 and a 52 week high of $10.50.
Furukawa Electric Company Profile
Furukawa Electric Co, Ltd. engages in transmission infrastructure and functional materials businesses. It operates through the following segments: Infrastructure, Electronics and Automotive Systems, Functional Products, and Service and Developments. The Infrastructure segment manufactures and sells optic fiber, optic fiber cable, light related parts, optical semiconductor device, metal communication cable, optical fiber fusion splicer, network equipment, CATV system, and wireless products power cables.
- Get a free copy of the StockNews.com research report on Furukawa Electric (FUWAY)
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