GRAVITY Co., Ltd. (NASDAQ:GRVY) Short Interest Down 35.5% in July

GRAVITY Co., Ltd. (NASDAQ:GRVY) saw a large decrease in short interest in the month of July. As of July 15th, there was short interest totaling 36,119 shares, a decrease of 35.5% from the June 30th total of 56,031 shares. Currently, 0.5% of the shares of the stock are sold short. Based on an average trading volume of 36,909 shares, the short-interest ratio is presently 1.0 days.

Institutional Investors Weigh In On GRAVITY

Institutional investors and hedge funds have recently bought and sold shares of the business. Farther Finance Advisors LLC raised its holdings in shares of GRAVITY by 19,866.7% in the 4th quarter. Farther Finance Advisors LLC now owns 599 shares of the technology company’s stock worth $35,000 after purchasing an additional 596 shares in the last quarter. Royal Bank of Canada grew its holdings in shares of GRAVITY by 133.4% in the 4th quarter. Royal Bank of Canada now owns 817 shares of the technology company’s stock worth $47,000 after acquiring an additional 467 shares during the last quarter. Signaturefd LLC lifted its holdings in shares of GRAVITY by 63.4% during the fourth quarter. Signaturefd LLC now owns 959 shares of the technology company’s stock valued at $55,000 after purchasing an additional 372 shares during the last quarter. Eurizon Capital SGR S.p.A. purchased a new position in GRAVITY in the 4th quarter worth about $62,000. Finally, Quadrant Capital Group LLC acquired a new stake in GRAVITY during the 3rd quarter worth about $78,000. 9.92% of the stock is owned by institutional investors and hedge funds.

GRAVITY Price Performance

Shares of NASDAQ:GRVY opened at $61.95 on Friday. The stock has a market cap of $430.55 million, a price-to-earnings ratio of 8.49 and a beta of 1.01. GRAVITY has a 12 month low of $54.54 and a 12 month high of $74.75. The stock’s 50 day moving average price is $62.71 and its 200 day moving average price is $63.33.

About GRAVITY

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.