NEXON Co., Ltd. (OTCMKTS:NEXOY) Sees Significant Decrease in Short Interest

NEXON Co., Ltd. (OTCMKTS:NEXOY) was the target of a significant decrease in short interest in April. As of April 30th, there was short interest totaling 2,356 shares, a decrease of 72.6% from the April 15th total of 8,592 shares. Currently, 0.0% of the shares of the stock are sold short. Based on an average daily trading volume, of 72,304 shares, the days-to-cover ratio is currently 0.0 days.

NEXON Stock Performance

NEXOY stock traded up C$0.34 during midday trading on Wednesday, hitting C$16.64. The company had a trading volume of 37,482 shares, compared to its average volume of 34,254. The stock’s 50 day moving average price is C$17.73 and its 200 day moving average price is C$21.63. NEXON has a 52 week low of C$16.06 and a 52 week high of C$28.82.

Analyst Upgrades and Downgrades

Several brokerages have issued reports on NEXOY. Zacks Research raised NEXON to a “hold” rating in a research note on Friday, April 10th. The Goldman Sachs Group upgraded NEXON to a “neutral” rating in a research report on Sunday, February 15th. Two 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 stock has a consensus rating of “Moderate Buy”.

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.