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

Gravity Co., Ltd. (NASDAQ:GRVY) was the recipient of a significant drop in short interest during the month of December. As of December 15th, there was short interest totalling 33,300 shares, a drop of 8.5% from the November 30th total of 36,400 shares. Based on an average daily trading volume, of 30,500 shares, the days-to-cover ratio is currently 1.1 days.

Institutional Trading of Gravity

Hedge funds and other institutional investors have recently made changes to their positions in the company. Public Employees Retirement System of Ohio acquired a new stake in Gravity in the third quarter valued at about $117,000. Creative Planning lifted its holdings in shares of Gravity by 7.3% in the 2nd quarter. Creative Planning now owns 3,801 shares of the technology company’s stock valued at $307,000 after buying an additional 260 shares during the period. Caprock Group LLC acquired a new stake in shares of Gravity in the 2nd quarter valued at approximately $394,000. Apis Capital Advisors LLC boosted its stake in shares of 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 buying an additional 8,000 shares in the last quarter. Finally, BNP Paribas Financial Markets raised its position in Gravity by 12.6% in the third quarter. BNP Paribas Financial Markets now owns 27,137 shares of the technology company’s stock worth $1,609,000 after acquiring an additional 3,030 shares in the last quarter. Hedge funds and other institutional investors own 9.92% of the company’s stock.

Gravity Trading Down 0.1 %

Shares of Gravity stock traded down $0.09 during trading hours on Wednesday, hitting $63.11. 27,411 shares of the company were exchanged, compared to its average volume of 32,371. The business has a 50-day moving average of $65.11 and a 200-day moving average of $67.61. Gravity has a 1 year low of $57.37 and a 1 year high of $88.85. The stock has a market capitalization of $438.55 million, a price-to-earnings ratio of 7.03 and a beta of 1.32.

Wall Street Analyst Weigh In

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

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.