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Gravity Co., Ltd. (NASDAQ:GRVY) Short Interest Down 61.4% in May

Gravity logo with Computer and Technology background

Gravity Co., Ltd. (NASDAQ:GRVY - Get Free Report) saw a large drop in short interest in the month of May. As of May 15th, there was short interest totalling 11,000 shares, a drop of 61.4% from the April 30th total of 28,500 shares. Currently, 0.2% of the shares of the company are short sold. Based on an average daily volume of 15,300 shares, the short-interest ratio is presently 0.7 days.

Gravity Stock Down 1.2%

Shares of GRVY traded down $0.76 during mid-day trading on Monday, reaching $63.70. The company had a trading volume of 21,283 shares, compared to its average volume of 25,604. The stock has a market capitalization of $442.65 million, a P/E ratio of 7.09 and a beta of 1.32. Gravity has a 52-week low of $53.12 and a 52-week high of $88.85. The stock has a 50 day moving average of $61.24 and a two-hundred day moving average of $61.59.

Gravity (NASDAQ:GRVY - Get Free Report) last posted its earnings results on Friday, May 9th. The technology company reported $2.15 earnings per share for the quarter. Gravity had a net margin of 14.98% and a return on equity of 34.76%. The firm had revenue of $93.23 million during the quarter.

Institutional Inflows and Outflows

A number of large investors have recently modified their holdings of the company. R Squared Ltd acquired a new position in Gravity in the 4th quarter worth about $52,000. Signaturefd LLC raised its stake in shares of Gravity by 111.5% during the 4th quarter. Signaturefd LLC now owns 423 shares of the technology company's stock worth $27,000 after buying an additional 223 shares during the period. Boston Partners purchased a new position in shares of Gravity during the 4th quarter valued at approximately $869,000. Commonwealth of Pennsylvania Public School Empls Retrmt SYS acquired a new stake in Gravity in the 4th quarter valued at $342,000. Finally, Arrowstreet Capital Limited Partnership increased its holdings in Gravity by 13.6% in the 4th quarter. Arrowstreet Capital Limited Partnership now owns 66,989 shares of the technology company's stock worth $4,228,000 after acquiring an additional 8,014 shares in the last quarter. Institutional investors and hedge funds own 9.92% of the company's stock.

About Gravity

(Get Free Report)

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.

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