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

GungHo Online Entertainment, Inc. (OTCMKTS:GUNGF) saw a large decline in short interest in June. As of June 30th, there was short interest totaling 74,967 shares, a decline of 49.7% from the June 15th total of 149,025 shares. Based on an average trading volume of 0 shares, the days-to-cover ratio is presently ∞ days.

GungHo Online Entertainment Stock Performance

Shares of OTCMKTS GUNGF remained flat at $15.80 during midday trading on Wednesday. The stock has a 50-day moving average price of $15.73 and a two-hundred day moving average price of $15.51. GungHo Online Entertainment has a 52 week low of $15.39 and a 52 week high of $15.80.

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.