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

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

Gravity Stock Performance

Shares of NASDAQ:GRVY traded down $1.13 during trading hours 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 1 year low of $57.37 and a 1 year high of $88.85. The firm’s 50 day moving average is $64.79 and its 200-day moving average is $69.31. The stock has a market capitalization of $457.17 million, a price-to-earnings ratio of 7.33 and a beta of 1.32.

Analyst Ratings Changes

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

Hedge Funds Weigh In On Gravity

Large investors have recently bought and sold shares of the business. Public Employees Retirement System of Ohio acquired a new position in shares of Gravity during the 3rd quarter worth about $117,000. QRG Capital Management Inc. purchased a new stake in Gravity during the second quarter worth approximately $209,000. Creative Planning boosted its holdings in Gravity by 7.3% in the second quarter. Creative Planning now owns 3,801 shares of the technology company’s stock valued at $307,000 after purchasing an additional 260 shares in the last quarter. Caprock Group LLC purchased a new position in Gravity in the second quarter valued at approximately $394,000. Finally, Apis Capital Advisors LLC raised its holdings in Gravity by 88.9% during the second quarter. Apis Capital Advisors LLC now owns 17,000 shares of the technology company’s stock worth $1,373,000 after purchasing an additional 8,000 shares in the last quarter. Hedge funds and other institutional investors own 9.92% of the company’s stock.

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.