Short Interest in GungHo Online Entertainment, Inc. (OTCMKTS:GUNGF) Increases By 56.8%

GungHo Online Entertainment, Inc. (OTCMKTS:GUNGF) was the recipient of a large increase in short interest in the month of March. As of March 13th, there was short interest totaling 214,259 shares, an increase of 56.8% from the February 26th total of 136,646 shares. Based on an average trading volume of 0 shares, the days-to-cover ratio is presently ∞ days.

GungHo Online Entertainment Stock Performance

OTCMKTS:GUNGF remained flat at $15.40 during trading hours on Friday. The business has a fifty day simple moving average of $15.39 and a 200-day simple moving average of $17.43. GungHo Online Entertainment has a one year low of $15.40 and a one 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.