Gravity Co., Ltd. (NASDAQ:GRVY) Sees Large Increase in Short Interest

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

Gravity Stock Down 1.7 %

Gravity stock traded down $1.13 during trading 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 52-week low of $57.37 and a 52-week high of $88.85. The stock has a market cap of $457.17 million, a PE ratio of 7.33 and a beta of 1.32. The business has a 50 day moving average price of $64.79 and a 200 day moving average price of $69.31.

Wall Street Analyst Weigh In

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

Institutional Trading of Gravity

Hedge funds and other institutional investors have recently bought and sold shares of the business. Public Employees Retirement System of Ohio purchased a new position in Gravity in the third quarter valued at approximately $117,000. BNP Paribas Financial Markets boosted its holdings in shares of 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 buying an additional 3,030 shares in the last quarter. Pekin Hardy Strauss Inc. purchased a new position in shares of Gravity in the 3rd quarter valued at $2,977,000. Creative Planning raised its stake in Gravity by 7.3% during the 2nd quarter. Creative Planning now owns 3,801 shares of the technology company’s stock worth $307,000 after acquiring an additional 260 shares in the last quarter. Finally, Apis Capital Advisors LLC lifted its position in 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 acquiring an additional 8,000 shares during the last quarter. 9.92% of the stock is currently owned by institutional investors and hedge funds.

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.