GungHo Online Entertainment, Inc. (OTCMKTS:GUNGF) Sees Significant Growth in Short Interest

GungHo Online Entertainment, Inc. (OTCMKTS:GUNGF) was the target of a significant increase in short interest in March. As of March 15th, there was short interest totalling 111,200 shares, an increase of 27.7% from the February 28th total of 87,100 shares. Based on an average trading volume of 100 shares, the days-to-cover ratio is currently 1,112.0 days.

GungHo Online Entertainment Stock Performance

Shares of GUNGF stock opened at $17.34 on Thursday. GungHo Online Entertainment has a fifty-two week low of $17.34 and a fifty-two week high of $24.04. The stock’s 50-day simple moving average is $19.49 and its 200-day simple moving average is $20.17.

About GungHo Online Entertainment

GungHo Online Entertainment, Inc plans, develops, operates, and distributes smartphone applications, console games, and online computer games. The company was formerly known as ONSale Co, Ltd. and changed its name to GungHo Online Entertainment, Inc in August 2002. GungHo Online Entertainment, Inc was incorporated in 1998 and is based in Tokyo, Japan.