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

GungHo Online Entertainment, Inc. (OTCMKTS:GUNGF) was the target of a significant drop in short interest in the month of January. As of January 31st, there was short interest totalling 85,100 shares, a drop of 7.0% from the January 15th total of 91,500 shares. Based on an average daily volume of 0 shares, the days-to-cover ratio is presently ∞ days.

GungHo Online Entertainment Price Performance

Shares of OTCMKTS:GUNGF remained flat at $20.10 during midday trading on Monday. GungHo Online Entertainment has a fifty-two week low of $20.10 and a fifty-two week high of $24.04. The company’s 50 day moving average price is $20.10 and its 200-day moving average price is $20.20.

GungHo Online Entertainment Company Profile

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.