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

GungHo Online Entertainment, Inc. (OTCMKTS:GUNGFGet Free Report) was the recipient of a large growth in short interest during the month of March. As of March 15th, there was short interest totalling 111,200 shares, a growth of 27.7% from the February 28th total of 87,100 shares. Based on an average daily volume of 100 shares, the days-to-cover ratio is currently 1,112.0 days.

GungHo Online Entertainment Price Performance

OTCMKTS:GUNGF opened at $17.34 on Tuesday. The firm has a 50 day simple moving average of $19.60 and a 200-day simple moving average of $20.20. GungHo Online Entertainment has a 1-year low of $17.34 and a 1-year 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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