How Analysts Feel About FURUKAWA ELEC LTD ORDINARY SHARES (OTCMKTS:FUWAF) After Decrease in Sellers?

July 27, 2018 - By Matthew Richard

The stock of FURUKAWA ELEC LTD ORDINARY SHARES (OTCMKTS:FUWAF) registered a decrease of 26.13% in short interest. FUWAF’s total short interest was 221,900 shares in July as published by FINRA. Its down 26.13% from 300,400 shares, reported previously. With 1,100 shares average volume, it will take short sellers 202 days to cover their FUWAF’s short positions.

It closed at $35.45 lastly. It is down 0.00% since July 27, 2017 and is . It has underperformed by 12.57% the S&P500.

Furukawa Electric Co., Ltd. manufactures and sells telecommunications, energy, automobile, electronic parts, and construction products worldwide. The company has market cap of $2.53 billion. The firm offers telecommunications products, such as broadband systems, routers/network equipment, optical fiber sensing systems, 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 component/devices, and metal communication cables, as well as wiring materials. It has a 9.63 P/E ratio. It also offers energy products, including power cables, cable-related equipment/connection and terminal products, industrial machine-related equipment, fire-prevention products, electrical conductors, power distribution products, and cable conduit materials; and automobile products comprising wire harnesses, connectors, functional products and materials, and interior finishing materials.

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