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

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

NEXON Trading Up 0.7%

NEXOY stock traded up C$0.09 during mid-day trading on Wednesday, reaching C$13.63. 4,720 shares of the stock traded hands, compared to its average volume of 36,261. NEXON has a one year low of C$13.47 and a one year high of C$28.82. The business has a 50-day moving average price of C$15.95 and a two-hundred day moving average price of C$20.58.

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

Analyst Upgrades and Downgrades

Several equities research analysts recently weighed in on NEXOY shares. The Goldman Sachs Group upgraded shares of NEXON to a “neutral” rating in a research report on Sunday, February 15th. Zacks Research upgraded 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 issued a Hold rating to the company’s stock. According to MarketBeat.com, NEXON currently has an average 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.