Short Interest in NEXON Co., Ltd. (OTCMKTS:NEXOF) Decreases By 25.1%

NEXON Co., Ltd. (OTCMKTS:NEXOF) was the recipient of a large drop in short interest during the month of May. As of May 31st, there was short interest totalling 2,941,900 shares, a drop of 25.1% from the May 15th total of 3,930,300 shares. Based on an average trading volume of 2,500 shares, the short-interest ratio is presently 1,176.8 days.

Wall Street Analyst Weigh In

Separately, The Goldman Sachs Group began coverage on shares of NEXON in a research note on Tuesday, March 25th. They set a “sell” rating for the company.

NEXON Trading Down 11.2%

Shares of NEXOF opened at $19.10 on Wednesday. NEXON has a 1-year low of $11.29 and a 1-year high of $21.50. The company has a 50-day moving average of $15.75 and a 200 day moving average of $14.47.

NEXON Company Profile

NEXON Co, Ltd. produces, develops, and services PC online and mobile games. It operates through five segments: Japan, Korea, China, North America, and Others. The company’s PC online game titles include MapleStory, Dungeon & Fighter, and EA SPORTS FIFA ONLINE 4. The company was formerly known as NEXON Japan Co, Ltd.