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

GRAVITY Co., Ltd. (NASDAQ:GRVY) was the recipient of a large growth in short interest in the month of January. As of January 15th, there was short interest totaling 29,398 shares, a growth of 63.6% from the December 31st total of 17,971 shares. Based on an average daily volume of 21,871 shares, the short-interest ratio is currently 1.3 days. Approximately 0.4% of the shares of the company are sold short. Approximately 0.4% of the shares of the company are sold short. Based on an average daily volume of 21,871 shares, the short-interest ratio is currently 1.3 days.

Institutional Trading of GRAVITY

A number of institutional investors and hedge funds have recently bought and sold shares of the stock. Militia Capital Partners LP boosted its holdings in shares of GRAVITY by 9.4% during the 3rd quarter. Militia Capital Partners LP now owns 58,000 shares of the technology company’s stock valued at $3,712,000 after purchasing an additional 5,000 shares during the last quarter. Two Sigma Investments LP lifted its position in shares of GRAVITY by 64.0% in the third quarter. Two Sigma Investments LP now owns 21,587 shares of the technology company’s stock worth $1,382,000 after buying an additional 8,427 shares in the last quarter. Boston Partners boosted its position in shares of GRAVITY by 14.5% during the 3rd quarter. Boston Partners now owns 19,344 shares of the technology company’s stock valued at $1,238,000 after acquiring an additional 2,455 shares during the last quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. lifted its position in GRAVITY by 28.2% during the second quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 13,644 shares of the technology company’s stock valued at $869,000 after purchasing an additional 3,000 shares during the last quarter. Finally, GSA Capital Partners LLP increased its stake in GRAVITY by 137.0% during the third quarter. GSA Capital Partners LLP now owns 7,574 shares of the technology company’s stock worth $485,000 after acquiring an additional 4,378 shares during the last quarter. 9.92% of the stock is currently owned by institutional investors.

GRAVITY Trading Up 1.2%

Shares of GRVY traded up $0.81 during trading hours on Friday, reaching $69.54. 65,961 shares of the stock traded hands, compared to its average volume of 20,656. The company’s 50-day moving average price is $59.23 and its two-hundred day moving average price is $61.06. The company has a market cap of $483.30 million, a P/E ratio of 8.77 and a beta of 0.97. GRAVITY has a 52-week low of $53.12 and a 52-week high of $71.00.

GRAVITY (NASDAQ:GRVY) last released its quarterly earnings data on Friday, November 7th. The technology company reported $2.04 earnings per share for the quarter. GRAVITY had a return on equity of 16.39% and a net margin of 16.84%.The firm had revenue of $98.92 million during the quarter.

Analyst Ratings Changes

Separately, Weiss Ratings reiterated a “hold (c-)” rating on shares of GRAVITY in a research report on Monday, December 29th. One analyst has rated the stock with a Hold rating, Based on data from MarketBeat.com, the stock has a consensus rating of “Hold”.

GRAVITY Company Profile

Gravity Co, Ltd is a South Korea–based developer and publisher of online games, best known for creating the Ragnarok franchise. Since its founding in 2000 by industry veteran Kim Sang-young, the company has specialized in massively multiplayer online role‐playing games (MMORPGs) and related digital content. Over the years, Gravity has expanded its portfolio beyond its flagship title to include sequels, spin-offs and mobile adaptations targeted at a global audience.

The company’s product lineup centers on PC and mobile MMORPGs built on the Ragnarok intellectual property.