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

GungHo Online Entertainment, Inc. (OTCMKTS:GUNGF) was the recipient of a large increase in short interest in February. As of February 27th, there was short interest totaling 136,646 shares, an increase of 23.2% from the February 12th total of 110,926 shares. Based on an average trading volume of 0 shares, the days-to-cover ratio is currently ∞ days. Based on an average trading volume of 0 shares, the days-to-cover ratio is currently ∞ days.

GungHo Online Entertainment Price Performance

Shares of OTCMKTS:GUNGF opened at $15.40 on Friday. The business’s 50-day moving average is $15.39 and its 200 day moving average is $17.77. GungHo Online Entertainment has a 1 year low of $15.40 and a 1 year high of $21.15.

GungHo Online Entertainment Company Profile

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.