Gravity Co., Ltd. (NASDAQ:GRVY – Get Rating) was the target of a significant decrease in short interest during the month of July. As of July 31st, there was short interest totalling 13,000 shares, a decrease of 8.5% from the July 15th total of 14,200 shares. Based on an average trading volume of 16,200 shares, the short-interest ratio is currently 0.8 days.
Gravity Trading Down 3.4 %
Shares of NASDAQ GRVY opened at $50.75 on Tuesday. Gravity has a twelve month low of $41.20 and a twelve month high of $116.00. The company has a market capitalization of $352.71 million, a price-to-earnings ratio of 7.02 and a beta of 0.06. The firm has a 50-day moving average of $50.93 and a two-hundred day moving average of $51.72.
Gravity (NASDAQ:GRVY – Get Rating) last posted its quarterly earnings data on Friday, May 13th. The technology company reported $1.95 EPS for the quarter. Gravity had a net margin of 14.90% and a return on equity of 23.29%. The company had revenue of $73.14 million during the quarter.
Institutional Trading of Gravity
Wall Street Analysts Forecast Growth
Separately, StockNews.com upgraded shares of Gravity from a “hold” rating to a “buy” rating in a research report on Monday, June 6th.
Gravity Co, Ltd. develops and publishes online and mobile games in South Korea, Taiwan, Thailand, and Japan. 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.
- Get a free copy of the StockNews.com research report on Gravity (GRVY)
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