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

GungHo Online Entertainment, Inc. (OTCMKTS:GUNGFGet Free Report) was the recipient of a large 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 daily trading volume, of 200 shares, the days-to-cover ratio is presently 1,121.5 days.

GungHo Online Entertainment Stock Performance

GungHo Online Entertainment stock 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 1 year low of $15.54 and a 1 year high of $17.37.

About GungHo Online Entertainment

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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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