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

GungHo Online Entertainment, Inc. (OTCMKTS:GUNGFGet Free Report) was the recipient of a significant increase in short interest in the month of May. As of May 31st, there was short interest totalling 159,300 shares, an increase of 191.2% from the May 15th total of 54,700 shares. Based on an average daily volume of 0 shares, the days-to-cover ratio is currently ∞ days.

GungHo Online Entertainment Price Performance

GungHo Online Entertainment stock opened at $17.34 on Friday. The company has a fifty day moving average price of $17.34 and a two-hundred day moving average price of $19.02. GungHo Online Entertainment has a 12 month low of $17.34 and a 12 month high of $24.04.

About GungHo Online Entertainment

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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.

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