NEXON Co., Ltd. (OTCMKTS:NEXOY) Short Interest Update

NEXON Co., Ltd. (OTCMKTS:NEXOY) was the target of a significant increase in short interest in the month of 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. Based on an average daily volume of 63,109 shares, the short-interest ratio is presently 0.3 days. Approximately 0.0% of the company’s shares are sold short.

Wall Street Analysts Forecast Growth

NEXOY has been the subject of a number of analyst reports. Zacks Research raised NEXON to a “hold” rating in a research note on Friday, April 10th. The Goldman Sachs Group raised NEXON to a “neutral” rating in a research note on Sunday, February 15th. 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 has a consensus rating of “Moderate Buy”.

NEXON Stock Down 2.4%

OTCMKTS:NEXOY traded down C$0.35 on Friday, reaching C$13.96. The company’s stock had a trading volume of 60,099 shares, compared to its average volume of 35,650. NEXON has a 1-year low of C$13.78 and a 1-year high of C$28.82. The business’s 50-day moving average price is C$16.59 and its two-hundred day moving average price is C$21.11.

NEXON (OTCMKTS:NEXOY) last posted its earnings results on Thursday, May 14th. The company reported C$0.46 earnings per share (EPS) for the quarter. The business had revenue of C$970.34 million during the quarter, compared to analyst estimates of C$1.05 billion.

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.