GRAVITY Co., Ltd. (NASDAQ:GRVY) Short Interest Up 88.0% in October

GRAVITY Co., Ltd. (NASDAQ:GRVY) was the recipient of a large growth in short interest in the month of October. As of October 15th, there was short interest totaling 4,700 shares, a growth of 88.0% from the September 30th total of 2,500 shares. Based on an average trading volume of 14,100 shares, the short-interest ratio is presently 0.3 days. Approximately 0.1% of the shares of the company are short sold. Approximately 0.1% of the shares of the company are short sold. Based on an average trading volume of 14,100 shares, the short-interest ratio is presently 0.3 days.

Analyst Ratings Changes

A number of research analysts have recently weighed in on GRVY shares. Wall Street Zen downgraded shares of GRAVITY from a “buy” rating to a “hold” rating in a research report on Friday, August 22nd. Weiss Ratings reissued a “hold (c)” rating on shares of GRAVITY in a research report on Wednesday, October 8th. One analyst has rated the stock with a Hold rating, Based on data from MarketBeat.com, GRAVITY presently has an average rating of “Hold”.

GRAVITY Trading Up 0.6%

GRVY opened at $57.87 on Friday. The company has a 50 day moving average of $62.11 and a 200 day moving average of $62.77. The company has a market cap of $402.14 million, a PE ratio of 6.94 and a beta of 1.32. GRAVITY has a 12 month low of $53.12 and a 12 month high of $70.00.

GRAVITY (NASDAQ:GRVY) last released its quarterly earnings data on Friday, August 8th. The technology company reported $1.41 EPS for the quarter. GRAVITY had a net margin of 17.60% and a return on equity of 17.45%. The company had revenue of $126.15 million during the quarter.

Institutional Trading of GRAVITY

Institutional investors and hedge funds have recently bought and sold shares of the company. Parallel Advisors LLC lifted its stake in GRAVITY by 160.9% in the 2nd quarter. Parallel Advisors LLC now owns 467 shares of the technology company’s stock worth $30,000 after purchasing an additional 288 shares in the last quarter. GAMMA Investing LLC lifted its stake in GRAVITY by 120.8% in the 2nd quarter. GAMMA Investing LLC now owns 563 shares of the technology company’s stock worth $36,000 after purchasing an additional 308 shares in the last quarter. Bank of America Corp DE lifted its stake in GRAVITY by 11.3% in the 2nd quarter. Bank of America Corp DE now owns 2,782 shares of the technology company’s stock worth $177,000 after purchasing an additional 282 shares in the last quarter. Wealthquest Corp purchased a new stake in GRAVITY in the 1st quarter worth approximately $202,000. Finally, Charles Schwab Investment Management Inc. purchased a new stake in GRAVITY in the 1st quarter worth approximately $212,000. 9.92% of the stock is currently owned by hedge funds and other institutional investors.

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.