Gravity Co., Ltd. (NASDAQ:GRVY) Short Interest Update

Gravity Co., Ltd. (NASDAQ:GRVY) was the recipient of a large growth in short interest in November. As of November 30th, there was short interest totalling 36,400 shares, a growth of 93.6% from the November 15th total of 18,800 shares. Based on an average daily trading volume, of 31,500 shares, the days-to-cover ratio is currently 1.2 days.

Institutional Trading of Gravity

A number of hedge funds have recently made changes to their positions in GRVY. Public Employees Retirement System of Ohio acquired a new stake in shares of Gravity during the 3rd quarter worth about $117,000. BNP Paribas Financial Markets raised its holdings in Gravity by 12.6% in the 3rd quarter. BNP Paribas Financial Markets now owns 27,137 shares of the technology company’s stock valued at $1,609,000 after acquiring an additional 3,030 shares during the period. Pekin Hardy Strauss Inc. acquired a new stake in Gravity during the third quarter worth approximately $2,977,000. Creative Planning boosted its holdings in shares of Gravity by 7.3% during the second quarter. Creative Planning now owns 3,801 shares of the technology company’s stock worth $307,000 after acquiring an additional 260 shares during the period. Finally, Apis Capital Advisors LLC grew its position in shares of Gravity by 88.9% in the second quarter. Apis Capital Advisors LLC now owns 17,000 shares of the technology company’s stock valued at $1,373,000 after purchasing an additional 8,000 shares during the last quarter. 9.92% of the stock is owned by institutional investors and hedge funds.

Gravity Stock Down 1.7 %

Shares of GRVY stock traded down $1.13 on Friday, reaching $65.78. The stock had a trading volume of 30,790 shares, compared to its average volume of 32,613. Gravity has a 12 month low of $57.37 and a 12 month high of $88.85. The firm has a market capitalization of $457.17 million, a price-to-earnings ratio of 7.33 and a beta of 1.32. The firm’s 50-day moving average is $64.79 and its two-hundred day moving average is $69.31.

Analyst Upgrades and Downgrades

Separately, StockNews.com upgraded Gravity from a “hold” rating to a “buy” rating in a research note on Thursday, November 14th.

Gravity Company Profile

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.