2 weeks Ago By ABMN Staff
Gravity Co., Ltd. ( NASDAQ:GRVY – Get Free Report ) was the target of a large increase in short interest during the month of September.
As of September 15th, there was short interest totalling 9,600 shares, an increase of 159.5% from the August 31st total of 3,700 shares. Based on an average daily trading volume, of 31,100 shares, the short-interest ratio is currently 0.
3 days. Institutional Trading of Gravity A number of hedge funds have recently made changes to their positions in GRVY. BNP Paribas Financial Markets increased its position in shares of Gravity by 112.
1% during the fourth quarter. BNP Paribas Financial Markets now owns 11,202 shares of the technology company’s stock worth $779,000 after acquiring an additional 5,920 shares during the last quarter. DGS Capital Management LLC raised its holdings in Gravity by 175.
5% in the first quarter. DGS Capital Management LLC now owns 10,803 shares of the technology company’s stock valued at $820,000 after acquiring an additional 6,882 shares in the last quarter. Acadian Asset Management LLC boosted its stake in Gravity by 29.
5% during the 1st quarter. Acadian Asset Management LLC now owns 233,515 shares of the technology company’s stock valued at $17,689,000 after acquiring an additional 53,195 shares during the last quarter. GAMMA Investing LLC grew its holdings in Gravity by 68.
9% during the 2nd quarter. GAMMA Investing LLC now owns 321 shares of the technology company’s stock worth $26,000 after acquiring an additional 131 shares in the last quarter. Finally, QRG Capital Management Inc.
bought a new stake in shares of Gravity in the 2nd quarter worth about $209,000. Hedge funds and other institutional investors own 9.92% of the company’s stock.
Gravity Trading Down 1.2 % GRVY traded down $0.73 during trading on Friday, hitting $59.
58. 15,822 shares of the company’s stock were exchanged, compared to its average volume of 33,006. The stock has a 50 day moving average price of $66.
29 and a 200 day moving average price of $71.91. Gravity has a 1 year low of $58.
38 and a 1 year high of $88.85. The firm has a market cap of $414.
02 million, a P/E ratio of 4.50 and a beta of 1.35.
Wall Street Analysts Forecast Growth Separately, StockNews.com cut Gravity from a “buy” rating to a “hold” rating in a report on Friday, August 16th. View Our Latest Stock Report on Gravity About Gravity ( Get Free Report ) Gravity Co, Ltd.
develops and publishes online and mobile games in South Korea, Taiwan, Thailand, and the United States. The company offers a massively multiplayer online role-playing game, including Ragnarok Online, Dragonica, Ragnarok Online II, and Ragnarok Prequel II. Its mobile games portfolio includes Ragnarok M: Eternal Love; Ragnarok Origin; Ragnarok X: Next Generation; the Labyrinth of Ragnarok; Ragnarok Poring Merge; Tera Classic; Ragnarok: The Lost Memories; Sadako M; NBA: Rise To Stardom; Milkmaid Of The Milky Way; and Paladog Tactics.
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