Short Interest in NEXON Co., Ltd. (OTCMKTS:NEXOY) Increases By 508.0%

NEXON Co., Ltd. (OTCMKTS:NEXOY – Get Free Report) was the target of a significant growth in short interest in the month of June. As of June 30th, there was short interest totaling 111,277 shares, a growth of 508.0% from the June 15th total of 18,303 shares. Based on an average trading volume of 160,052 shares, the short-interest ratio is currently 0.7 days. Approximately 0.0% of the shares of the company are sold short.

NEXON Stock Performance

Shares of OTCMKTS NEXOY traded up C$0.16 during trading on Friday, hitting C$14.16. The company had a trading volume of 26,710 shares, compared to its average volume of 41,394. NEXON has a 12 month low of C$13.01 and a 12 month high of C$28.82. The firm has a market capitalization of C$11.24 billion and a P/E ratio of 14.02. The stock has a 50 day simple moving average of C$14.39 and a 200 day simple moving average of C$18.92.

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

Analyst Upgrades and Downgrades

Separately, Zacks Research raised shares of NEXON to a “hold” rating in a research 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. According to data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy”.

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NEXON Company Profile

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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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