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

NEXON Co., Ltd. (OTCMKTS:NEXOY) was the target of a significant drop in short interest in August. As of August 31st, there was short interest totaling 12,339 shares, a drop of 53.3% from the August 15th total of 26,431 shares. Currently, 0.0% of the shares of the stock are sold short. Based on an average daily volume of 27,892 shares, the short-interest ratio is presently 0.4 days.

NEXON Price Performance

OTCMKTS:NEXOY opened at C$20.24 on Monday. The company has a market cap of C$15.80 billion and a price-to-earnings ratio of 18.24. NEXON has a 52-week low of C$13.01 and a 52-week high of C$28.82. The company has a debt-to-equity ratio of 0.03, a quick ratio of 5.13 and a current ratio of 5.13. The stock’s fifty day moving average price is C$16.99 and its two-hundred day moving average price is C$16.54.

NEXON (OTCMKTS:NEXOY) last issued its earnings results on Thursday, August 13th. The company reported C$0.24 earnings per share (EPS) for the quarter. NEXON had a net margin of 26.37% and a return on equity of 12.45%. The company had revenue of C$759.75 million for the quarter, compared to analyst estimates of C$729.73 million. On average, analysts anticipate that NEXON will post 0.74 EPS for the current year.

About NEXON

NEXON Co, Ltd. is a Japan-based global video game company that develops, publishes and operates online and mobile games. Its portfolio includes massively multiplayer online role-playing games, action games, racing titles and other interactive entertainment products. Notable franchises include MapleStory, Dungeon&Fighter, Mabinogi, KartRider and Blue Archive, as well as newer releases such as The First Descendant.

The company was founded in Seoul in 1994 and is recognized as an early pioneer of free-to-play online games.