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

GRAVITY Co., Ltd. (NASDAQ:GRVY) saw a significant increase in short interest in the month of March. As of March 31st, there was short interest totaling 35,025 shares, an increase of 34.4% from the March 15th total of 26,057 shares. Based on an average trading volume of 23,020 shares, the days-to-cover ratio is presently 1.5 days. Currently, 0.5% of the shares of the company are sold short.

GRAVITY Trading Up 0.5%

GRVY stock traded up $0.30 during trading on Wednesday, hitting $60.86. The company had a trading volume of 10,266 shares, compared to its average volume of 19,617. The firm has a market capitalization of $422.98 million, a price-to-earnings ratio of 9.12 and a beta of 1.04. The business has a 50 day moving average of $63.48 and a 200 day moving average of $61.00. GRAVITY has a fifty-two week low of $54.54 and a fifty-two week high of $74.75.

GRAVITY (NASDAQ:GRVY) last posted its quarterly earnings data on Friday, April 10th. The technology company reported $1.07 earnings per share for the quarter. The business had revenue of $69.61 million during the quarter. GRAVITY had a net margin of 11.94% and a return on equity of 10.71%.

Analysts Set New Price Targets

Separately, Weiss Ratings reissued a “hold (c-)” rating on shares of GRAVITY in a report on Monday, December 29th. One research analyst has rated the stock with a Hold rating, According to data from MarketBeat, the company has an average rating of “Hold”.

Institutional Investors Weigh In On GRAVITY

Institutional investors have recently bought and sold shares of the stock. Farther Finance Advisors LLC lifted its holdings in GRAVITY by 19,866.7% in the fourth quarter. Farther Finance Advisors LLC now owns 599 shares of the technology company’s stock worth $35,000 after purchasing an additional 596 shares during the period. GAMMA Investing LLC raised its position in GRAVITY by 38.2% in the third quarter. GAMMA Investing LLC now owns 778 shares of the technology company’s stock worth $50,000 after acquiring an additional 215 shares in the last quarter. Royal Bank of Canada raised its position in GRAVITY by 133.4% in the fourth quarter. Royal Bank of Canada now owns 817 shares of the technology company’s stock worth $47,000 after acquiring an additional 467 shares in the last quarter. Signaturefd LLC raised its position in GRAVITY by 63.4% in the fourth quarter. Signaturefd LLC now owns 959 shares of the technology company’s stock worth $55,000 after acquiring an additional 372 shares in the last quarter. Finally, Eurizon Capital SGR S.p.A. bought a new stake in GRAVITY in the fourth quarter worth about $62,000. Institutional investors and hedge funds own 9.92% of the company’s stock.

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.