Short Interest in Gravity Co., Ltd. (NASDAQ:GRVY) Increases By 45.1%

Gravity Co., Ltd. (NASDAQ:GRVYGet Free Report) was the recipient of a large growth in short interest in the month of October. As of October 15th, there was short interest totalling 11,900 shares, a growth of 45.1% from the September 30th total of 8,200 shares. Based on an average daily volume of 33,200 shares, the short-interest ratio is currently 0.4 days.

Institutional Investors Weigh In On Gravity

Institutional investors have recently modified their holdings of the stock. GAMMA Investing LLC boosted its stake in shares of Gravity by 68.9% during the 2nd quarter. GAMMA Investing LLC now owns 321 shares of the technology company’s stock valued at $26,000 after buying an additional 131 shares during the period. QRG Capital Management Inc. acquired a new stake in shares of Gravity during the 2nd quarter valued at $209,000. Creative Planning boosted its stake in shares of Gravity by 7.3% during the 2nd quarter. Creative Planning now owns 3,801 shares of the technology company’s stock valued at $307,000 after buying an additional 260 shares during the period. Caprock Group LLC bought a new position in shares of Gravity during the 2nd quarter valued at $394,000. Finally, BNP Paribas Financial Markets raised its holdings in shares of Gravity by 41.1% during the 1st quarter. BNP Paribas Financial Markets now owns 15,802 shares of the technology company’s stock valued at $1,199,000 after purchasing an additional 4,600 shares in the last quarter. Institutional investors and hedge funds own 9.92% of the company’s stock.

Gravity Price Performance

Gravity stock traded up $0.84 during midday trading on Tuesday, reaching $64.13. The stock had a trading volume of 19,242 shares, compared to its average volume of 33,160. The firm’s fifty day simple moving average is $61.48 and its two-hundred day simple moving average is $70.07. Gravity has a twelve month low of $57.37 and a twelve month high of $88.85. The firm has a market cap of $445.64 million, a price-to-earnings ratio of 4.85 and a beta of 1.35.

Gravity (NASDAQ:GRVYGet Free Report) last issued its earnings results on Friday, August 9th. The technology company reported $1.31 earnings per share (EPS) for the quarter. The company had revenue of $89.33 million during the quarter. Gravity had a net margin of 14.87% and a return on equity of 37.85%.

Analyst Upgrades and Downgrades

Separately, StockNews.com lowered shares of Gravity from a “buy” rating to a “hold” rating in a research note on Friday, August 16th.

Check Out Our Latest Research Report on Gravity

About Gravity

(Get Free Report)

Gravity Co, Ltd. develops and publishes online and mobile games worldwide. It offers a massively multiplayer online role-playing game, including Ragnarok Online, Dragonica, Ragnarok Online II, and Ragnarok Landverse. Its mobile games portfolio includes Ragnarok M; Eternal Love; Ragnarok Origin; Ragnarok X: Next Generation; Ragnarok Arena; WITH ISLAND; the Labyrinth of Ragnarok; Ragnarok Poring Merge; Tera Classic; Ragnarok: The Lost Memories; Sadako M; NBA: Rise To Stardom; Milkmaid Of The Milky Way; Generation Zombie; Ragnarok Idle Adventure; Ragnarok 20 Heroes; White Chord; WITH: Whale In The High; Ragnarok Lost Memories; and Paladog Tactics.

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