Short Interest in GungHo Online Entertainment, Inc. (OTCMKTS:GUNGF) Decreases By 49.7%

GungHo Online Entertainment, Inc. (OTCMKTS:GUNGFGet Free Report) was the recipient of a large decrease in short interest in June. As of June 30th, there was short interest totaling 74,967 shares, a decrease of 49.7% from the June 15th total of 149,025 shares. Based on an average daily volume of 0 shares, the short-interest ratio is presently ∞ days.

GungHo Online Entertainment Price Performance

Shares of OTCMKTS GUNGF remained flat at $15.80 during midday trading on Friday. The business’s 50-day simple moving average is $15.74 and its two-hundred day simple moving average is $15.52. GungHo Online Entertainment has a one year low of $15.39 and a one year high of $15.80.

GungHo Online Entertainment Company Profile

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GungHo Online Entertainment Inc is a Japan-based interactive entertainment company specializing in the development and publication of digital games. Established in 1998 under the name ONSale Co, Ltd. and renamed GungHo in 2003, the company has built a portfolio centered on free-to-play mobile titles, PC and console games, and related digital content services. Headquartered in Tokyo, GungHo leverages its proprietary platform technologies to deliver interactive experiences across a variety of devices.

The company’s flagship product is Puzzle & Dragons, a match-three puzzle game with role-playing elements that has achieved significant global download milestones.

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