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

Gravity Co., Ltd. (NASDAQ:GRVY) was the recipient of a large growth in short interest during 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 trading volume, of 33,200 shares, the short-interest ratio is currently 0.4 days.

Institutional Inflows and Outflows

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

Wall Street Analyst Weigh In

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

Gravity Trading Up 1.4 %

GRVY stock traded up $0.88 during trading on Tuesday, reaching $64.17. 8,533 shares of the stock were exchanged, compared to its average volume of 33,102. The firm’s 50 day moving average is $61.48 and its 200 day 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 $445.92 million, a P/E ratio of 4.78 and a beta of 1.35.

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

About Gravity

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.