GungHo Online Entertainment, Inc. (OTCMKTS:GUNGF) Short Interest Up 26.9% in May

GungHo Online Entertainment, Inc. (OTCMKTS:GUNGFGet Free Report) saw a significant growth in short interest in the month of May. As of May 31st, there was short interest totalling 224,300 shares, a growth of 26.9% from the May 15th total of 176,800 shares. Based on an average trading volume of 200 shares, the short-interest ratio is presently 1,121.5 days.

GungHo Online Entertainment Stock Performance

Shares of OTCMKTS GUNGF remained flat at $17.37 during mid-day trading on Monday. The business’s 50 day moving average is $16.14 and its 200 day moving average is $16.34. GungHo Online Entertainment has a 52-week low of $15.54 and a 52-week high of $17.37.

GungHo Online Entertainment Company Profile

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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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