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

NEXON Co., Ltd. (OTCMKTS:NEXOY – Get Free Report) was the recipient 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 company’s shares are short sold. Based on an average daily volume of 90,854 shares, the short-interest ratio is currently 0.0 days.

Wall Street Analysts Forecast Growth

A number of research analysts have recently commented on NEXOY shares. The Goldman Sachs Group upgraded shares of NEXON to a “neutral” rating in a report on Sunday, February 15th. Zacks Research upgraded shares of NEXON to a “hold” rating in a report on Friday, April 10th. Two investment analysts have rated the stock with a Buy rating and two have given a Hold rating to the company. Based on data from MarketBeat, NEXON currently has an average rating of “Moderate Buy”.

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NEXON Trading Up 0.7%

Shares of OTCMKTS NEXOY traded up C$0.09 during mid-day trading on Wednesday, reaching C$13.63. The company had a trading volume of 4,720 shares, compared to its average volume of 36,261. The business’s 50-day moving average is C$15.95 and its 200-day moving average is C$20.58. NEXON has a 52 week low of C$13.47 and a 52 week high of C$28.82.

NEXON (OTCMKTS:NEXOY – Get Free Report) last released its quarterly earnings data on Thursday, May 14th. The company reported C$0.46 earnings per share for the quarter. The business had revenue of C$970.34 million during the quarter, compared to analysts’ expectations of C$1.05 billion.

NEXON Company Profile

(Get Free Report)

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.

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