GungHo Online Entertainment, Inc. (OTCMKTS:GUNGF) Sees Significant Decline in Short Interest

GungHo Online Entertainment, Inc. (OTCMKTS:GUNGF) was the target of a significant drop in short interest in September. As of September 30th, there was short interest totalling 68,000 shares, a drop of 53.1% from the September 15th total of 144,900 shares. Based on an average trading volume of 0 shares, the short-interest ratio is presently ∞ days.

GungHo Online Entertainment Price Performance

OTCMKTS:GUNGF remained flat at $19.28 during midday trading on Friday. The stock’s 50 day moving average price is $19.28 and its 200 day moving average price is $17.54. GungHo Online Entertainment has a twelve month low of $15.54 and a twelve month high of $19.28.

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.