Short Interest in NEXON Co., Ltd. (OTCMKTS:NEXOY) Declines By 84.1%

NEXON Co., Ltd. (OTCMKTS:NEXOY) was the target of a significant decrease in short interest during the month of May. As of May 29th, there was short interest totaling 3,018 shares, a decrease of 84.1% from the May 14th total of 19,003 shares. Currently, 0.0% of the shares of the company are short sold. Based on an average daily trading volume, of 90,854 shares, the short-interest ratio is currently 0.0 days.

NEXON Trading Up 0.3%

NEXON stock traded up C$0.05 on Friday, hitting C$13.64. The company’s stock had a trading volume of 1,536 shares, compared to its average volume of 36,590. NEXON has a one year low of C$13.47 and a one year high of C$28.82. The company has a fifty day moving average price of C$15.77 and a 200-day moving average price of C$20.45.

NEXON (OTCMKTS:NEXOY) last released its quarterly earnings data on Thursday, May 14th. The company reported C$0.46 EPS for the quarter. The business had revenue of C$970.34 million for the quarter, compared to the consensus estimate of C$1.05 billion.

Analyst Ratings Changes

NEXOY has been the topic of a number of recent research reports. The Goldman Sachs Group raised NEXON to a “neutral” rating in a research report on Sunday, February 15th. Zacks Research raised NEXON to a “hold” rating in a report on Friday, April 10th. Two analysts have rated the stock with a Buy rating and two have assigned a Hold rating to the stock. According to MarketBeat, NEXON currently has an average rating of “Moderate Buy”.

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.