Short Interest in NEXON Co., Ltd. (OTCMKTS:NEXOY) Increases By 706.6%

NEXON Co., Ltd. (OTCMKTS:NEXOY) was the recipient of a large growth in short interest during the month of May. As of May 15th, there was short interest totaling 19,003 shares, a growth of 706.6% from the April 30th total of 2,356 shares. Based on an average daily volume of 63,109 shares, the days-to-cover ratio is currently 0.3 days. Currently, 0.0% of the shares of the stock are short sold.

Analyst Upgrades and Downgrades

NEXOY has been the topic of a number of research 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 assigned a Hold rating to the stock. According to MarketBeat.com, the stock presently has an average rating of “Moderate Buy”.

NEXON Price Performance

Shares of OTCMKTS:NEXOY opened at C$14.30 on Thursday. The stock’s 50-day moving average price is C$16.67 and its two-hundred day moving average price is C$21.15. NEXON has a 12-month low of C$13.78 and a 12-month high of C$28.82.

NEXON (OTCMKTS:NEXOY) last released its quarterly earnings data 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 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.