NEXON Co., Ltd. (OTCMKTS:NEXOY) Sees Significant Decline in Short Interest

NEXON Co., Ltd. (OTCMKTS:NEXOYGet Free Report) was the recipient of a significant decrease in short interest in July. As of July 15th, there was short interest totaling 63,935 shares, a decrease of 42.5% from the June 30th total of 111,277 shares. Based on an average trading volume of 105,915 shares, the days-to-cover ratio is presently 0.6 days. Approximately 0.0% of the shares of the stock are short sold.

NEXON Trading Up 5.6%

Shares of NEXON stock traded up C$0.85 on Wednesday, reaching C$16.07. 3,310 shares of the company were exchanged, compared to its average volume of 41,475. The company has a market capitalization of C$12.76 billion and a price-to-earnings ratio of 15.92. The company has a 50-day moving average of C$13.96 and a 200 day moving average of C$17.98. NEXON has a one year low of C$13.01 and a one year high of C$28.82.

NEXON (OTCMKTS:NEXOYGet Free Report) last announced 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 the consensus estimate of C$1.05 billion.

Wall Street Analyst Weigh In

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

View 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.

See Also

Receive News & Ratings for NEXON Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for NEXON and related companies with MarketBeat.com's FREE daily email newsletter.