NEXON Co., Ltd. (OTCMKTS:NEXOY – Get Free Report) was the recipient of a large growth in short interest during the month of June. As of June 15th, there was short interest totaling 18,303 shares, a growth of 506.5% from the May 31st total of 3,018 shares. Based on an average trading volume of 94,885 shares, the days-to-cover ratio is presently 0.2 days. Currently, 0.0% of the company’s shares are short sold.
Analyst Ratings Changes
Separately, Zacks Research raised shares of 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. According to MarketBeat.com, the company has a consensus rating of “Moderate Buy”.
Get Our Latest Analysis on NEXOY
NEXON Trading Up 1.1%
NEXON (OTCMKTS:NEXOY – Get Free Report) last posted its quarterly earnings results on Thursday, May 14th. The company reported C$0.46 earnings per share for the quarter. The firm had revenue of C$970.34 million for the quarter, compared to the consensus estimate 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.
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