Gravity Co., Ltd. (NASDAQ:GRVY) Short Interest Up 47.1% in July

Gravity Co., Ltd. (NASDAQ:GRVY) saw a large growth in short interest during the month of July. As of July 15th, there was short interest totalling 5,000 shares, a growth of 47.1% from the June 30th total of 3,400 shares. Based on an average trading volume of 36,200 shares, the short-interest ratio is presently 0.1 days.

Institutional Trading of Gravity

Several hedge funds and other institutional investors have recently modified their holdings of GRVY. GAMMA Investing LLC raised its position in Gravity by 68.9% during the second 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. New York State Common Retirement Fund increased its holdings in shares of Gravity by 20.7% in the 4th quarter. New York State Common Retirement Fund now owns 2,637 shares of the technology company’s stock valued at $183,000 after purchasing an additional 453 shares during the period. QRG Capital Management Inc. purchased a new stake in shares of Gravity in the second quarter worth approximately $209,000. Quadrant Capital Group LLC boosted its holdings in shares of Gravity by 15.7% during the fourth quarter. Quadrant Capital Group LLC now owns 3,371 shares of the technology company’s stock worth $234,000 after purchasing an additional 458 shares during the period. Finally, Jump Financial LLC grew its position in Gravity by 12.0% during the fourth quarter. Jump Financial LLC now owns 3,707 shares of the technology company’s stock valued at $258,000 after purchasing an additional 398 shares in the last quarter. Institutional investors and hedge funds own 9.92% of the company’s stock.

Gravity Trading Up 2.2 %

Shares of GRVY traded up $1.69 during midday trading on Monday, hitting $78.49. The stock had a trading volume of 14,285 shares, compared to its average volume of 33,223. The business has a 50-day simple moving average of $79.33 and a two-hundred day simple moving average of $73.27. The firm has a market cap of $545.51 million, a P/E ratio of 5.88 and a beta of 1.41. Gravity has a fifty-two week low of $59.00 and a fifty-two week high of $88.85.

Gravity (NASDAQ:GRVY) last posted its quarterly earnings data on Thursday, May 9th. The technology company reported $2.87 EPS for the quarter. Gravity had a net margin of 16.96% and a return on equity of 46.65%. The firm had revenue of $119.78 million during the quarter.

Wall Street Analyst Weigh In

Separately, StockNews.com raised Gravity from a “hold” rating to a “buy” rating in a report on Thursday, June 27th.

Gravity Company Profile

Gravity Co, Ltd. develops and publishes online and mobile games in South Korea, Taiwan, Thailand, and the United States. The company offers a massively multiplayer online role-playing game, including Ragnarok Online, Dragonica, Ragnarok Online II, and Ragnarok Prequel II. Its mobile games portfolio includes Ragnarok M: Eternal Love; Ragnarok Origin; Ragnarok X: Next Generation; the Labyrinth of Ragnarok; Ragnarok Poring Merge; Tera Classic; Ragnarok: The Lost Memories; Sadako M; NBA: Rise To Stardom; Milkmaid Of The Milky Way; and Paladog Tactics.