GungHo Online Entertainment, Inc. (OTCMKTS:GUNGF) Short Interest Up 27.7% in March

GungHo Online Entertainment, Inc. (OTCMKTS:GUNGF) was the recipient of a large 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 daily volume of 100 shares, the days-to-cover ratio is presently 1,112.0 days.

GungHo Online Entertainment Price Performance

Shares of OTCMKTS GUNGF remained flat at $17.34 during midday trading on Wednesday. The company’s 50-day moving average price is $19.55 and its 200-day moving average price is $20.19. GungHo Online Entertainment has a 1 year low of $17.34 and a 1 year high of $24.04.

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.