Short Interest in NEXON Co., Ltd. (OTCMKTS:NEXOY) Decreases By 84.1%

NEXON Co., Ltd. (OTCMKTS:NEXOY) was the target of a significant decrease in short interest in the month of May. As of May 29th, there was short interest totaling 3,018 shares, a decrease of 84.1% from the May 14th total of 19,003 shares. Based on an average daily trading volume, of 90,854 shares, the short-interest ratio is presently 0.0 days. Approximately 0.0% of the company’s shares are short sold.

NEXON Stock Performance

NEXON stock traded up C$0.25 during mid-day trading on Thursday, reaching C$13.84. The company had a trading volume of 51,235 shares, compared to its average volume of 36,469. NEXON has a fifty-two week low of C$13.47 and a fifty-two week high of C$28.82. The business has a fifty day simple moving average of C$15.77 and a 200 day simple moving average of C$20.45.

NEXON (OTCMKTS:NEXOY) last posted its quarterly earnings data on Thursday, May 14th. The company reported C$0.46 EPS for the quarter. The firm had revenue of C$970.34 million during the quarter, compared to analysts’ expectations of C$1.05 billion.

Wall Street Analysts Forecast Growth

NEXOY has been the topic of several recent analyst reports. Zacks Research upgraded shares of NEXON to a “hold” rating in a research note on Friday, April 10th. The Goldman Sachs Group raised shares of NEXON to a “neutral” rating in a report on Sunday, February 15th. Two equities research analysts have rated the stock with a Buy rating and two have issued a Hold rating to the stock. Based on data from MarketBeat.com, NEXON currently has an average rating of “Moderate Buy”.

About NEXON

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.