NEXON Co., Ltd. (OTCMKTS:NEXOY) Short Interest Up 508.0% in June

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

Analyst Ratings Changes

Separately, Zacks Research upgraded NEXON to a “hold” rating in a research report on Friday, April 10th. Two research analysts have rated the stock with a Buy rating and two have issued a Hold rating to the company’s stock. Based on data from MarketBeat, the company presently has an average rating of “Moderate Buy”.

NEXON Stock Performance

OTCMKTS:NEXOY traded up C$0.16 during trading hours on Friday, reaching C$14.16. The stock had a trading volume of 26,710 shares, compared to its average volume of 41,394. The stock has a market capitalization of C$11.24 billion and a PE ratio of 14.02. The company has a 50 day moving average price of C$14.39 and a two-hundred day moving average price of C$18.92. NEXON has a 52 week low of C$13.01 and a 52 week high of C$28.82.

NEXON (OTCMKTS:NEXOY) last released its quarterly earnings data on Thursday, May 14th. The company reported C$0.46 EPS for the quarter. The business had revenue of C$970.34 million for the quarter, compared to the consensus estimate of C$1.05 billion.

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.