Short Interest in NEXON Co., Ltd. (OTCMKTS:NEXOY) Rises By 506.5%

NEXON Co., Ltd. (OTCMKTS:NEXOY) was the recipient of a significant growth in short interest in 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. Approximately 0.0% of the shares of the stock are sold short. Based on an average daily volume of 94,885 shares, the short-interest ratio is presently 0.2 days.

Analysts Set New Price Targets

Separately, Zacks Research raised shares of NEXON to a “hold” rating in a report on Friday, April 10th. Two investment analysts have rated the stock with a Buy rating and two have given a Hold rating to the stock. Based on data from MarketBeat.com, the company has a consensus rating of “Moderate Buy”.

NEXON Stock Up 1.5%

Shares of NEXON stock traded up C$0.20 during midday trading on Friday, hitting C$13.26. The company’s stock had a trading volume of 8,788 shares, compared to its average volume of 38,735. NEXON has a 1-year low of C$13.01 and a 1-year high of C$28.82. The stock has a 50-day simple moving average of C$15.09 and a 200-day simple moving average of C$19.69. The firm has a market capitalization of C$10.51 billion and a P/E ratio of 13.12.

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