Short Interest in NEXON Co., Ltd. (OTCMKTS:NEXOY) Increases By 508.0%

NEXON Co., Ltd. (OTCMKTS:NEXOY) was the target of a large increase in short interest in June. As of June 30th, there was short interest totaling 111,277 shares, an increase of 508.0% from the June 15th total of 18,303 shares. Based on an average daily volume of 160,052 shares, the short-interest ratio is currently 0.7 days. Approximately 0.0% of the shares of the stock are short sold.

NEXON Price Performance

OTCMKTS:NEXOY traded up C$0.16 on Friday, reaching C$14.16. The stock had a trading volume of 26,710 shares, compared to its average volume of 41,394. NEXON has a 12-month low of C$13.01 and a 12-month high of C$28.82. The company has a market cap of C$11.24 billion and a price-to-earnings ratio of 14.02. The firm’s fifty day moving average is C$14.39 and its two-hundred day moving average is C$18.88.

NEXON (OTCMKTS:NEXOY) last issued its quarterly 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 analysts’ expectations of C$1.05 billion.

Wall Street Analysts Forecast Growth

Separately, Zacks Research raised NEXON to a “hold” rating in a research note on Friday, April 10th. Two analysts have rated the stock with a Buy rating and two have given a Hold rating to the stock. According to MarketBeat.com, NEXON currently has a consensus rating of “Moderate Buy”.

NEXON Company Profile

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.