Gravity Co., Ltd. (NASDAQ:GRVY) Sees Significant Growth in Short Interest

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

Institutional Trading of Gravity

Institutional investors have recently modified their holdings of the stock. GAMMA Investing LLC raised its stake in 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. New York State Common Retirement Fund increased its holdings in 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 buying an additional 453 shares during the period. QRG Capital Management Inc. acquired a new position in shares of Gravity in the 2nd quarter valued at approximately $209,000. Quadrant Capital Group LLC lifted its holdings in shares of Gravity by 15.7% during the 4th quarter. Quadrant Capital Group LLC now owns 3,371 shares of the technology company’s stock worth $234,000 after acquiring an additional 458 shares during the period. Finally, Jump Financial LLC boosted its position in shares of Gravity by 12.0% during the 4th quarter. Jump Financial LLC now owns 3,707 shares of the technology company’s stock worth $258,000 after acquiring an additional 398 shares in the last quarter. 9.92% of the stock is currently owned by institutional investors.

Gravity Trading Up 2.2 %

Shares of NASDAQ:GRVY traded up $1.69 on Monday, reaching $78.49. 14,285 shares of the company’s stock were exchanged, compared to its average volume of 33,223. Gravity has a twelve month low of $59.00 and a twelve month high of $88.85. The company has a fifty day moving average of $79.33 and a 200-day moving average of $73.27. The company has a market capitalization of $545.51 million, a price-to-earnings ratio of 5.88 and a beta of 1.41.

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

Analysts Set New Price Targets

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.