NEXON Co., Ltd. (OTCMKTS:NEXOY) Sees Large Growth in Short Interest

NEXON Co., Ltd. (OTCMKTS:NEXOYGet Free Report) was the target of a significant increase in short interest in May. As of May 15th, there was short interest totaling 19,003 shares, an increase of 706.6% from the April 30th total of 2,356 shares. Currently, 0.0% of the company’s stock are short sold. Based on an average trading volume of 63,109 shares, the short-interest ratio is presently 0.3 days.

NEXON Trading Down 2.4%

Shares of NEXOY stock opened at C$13.96 on Friday. The firm has a fifty day moving average price of C$16.51 and a 200 day moving average price of C$21.06. NEXON has a 12 month low of C$13.78 and a 12 month high of C$28.82.

NEXON (OTCMKTS:NEXOYGet Free Report) last issued its earnings results on Thursday, May 14th. The company reported C$0.46 EPS for the quarter. The firm had revenue of C$970.34 million for the quarter, compared to analyst estimates of C$1.05 billion.

Analysts Set New Price Targets

Several research firms have commented on NEXOY. Zacks Research upgraded shares of NEXON to a “hold” rating in a research note on Friday, April 10th. The Goldman Sachs Group upgraded shares of NEXON to a “neutral” rating in a research note on Sunday, February 15th. Two analysts have rated the stock with a Buy rating and two have assigned a Hold rating to the stock. According to data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy”.

Check Out Our Latest Report on NEXOY

NEXON Company Profile

(Get Free Report)

NEXON Co, Ltd. operates as a global developer and publisher of online games, primarily focusing on free-to-play multiplayer titles across PC and mobile platforms. The company’s portfolio spans a range of genres, including massively multiplayer online role-playing games (MMORPGs), action titles and sports simulations. NEXON generates revenue through in-game purchases and virtual item sales, offering players optional enhancements, cosmetic items and game passes.

Founded in 1994 by Kim Jung-ju in South Korea, NEXON released its first major title, Nexus: The Kingdom of the Winds, in 1996.

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