So... is Gakkou no Yuurei finished or not?
NO, it is not finished.
Why?
MangaUpdates contains information about the anime adaptation and indicates that it is incomplete.
Watching Order (by release date)
Here you have all the anime relations we detected ordered by release date, so you can see the reason for this status in context and also use it as watching order.
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Gakkou no Yuurei
学校の幽霊
Anime - Base
Release date: October 21, 1995
Shin Gakkou no Yuurei
真 学校の幽霊
Anime - Sequel
Release date: June 11, 1999
Synopsis
Gakkou no Yuurei is a unique collection of short, self-contained ghost stories set within the familiar environment of a school.
It blends live-action footage with animation to create a visually engaging experience, bringing to life various chilling tales of the supernatural.
Each story focuses on different eerie events and apparitions encountered within the school's walls, promising a series of unsettling and suspenseful narratives.