NEXON Co., Ltd. (OTCMKTS:NEXOY) Short Interest Up 508.0% in June

NEXON Co., Ltd. (OTCMKTS:NEXOY) was the recipient of a significant growth in short interest in 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. Currently, 0.0% of the shares of the stock are short sold. Based on an average daily trading volume, of 160,052 shares, the short-interest ratio is currently 0.7 days.

Wall Street Analysts Forecast Growth

Separately, Zacks Research raised shares of 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 issued a Hold rating to the company’s stock. According to data from MarketBeat, the company currently has a consensus rating of “Moderate Buy”.

NEXON Price Performance

NEXOY stock traded down C$0.23 during midday trading on Monday, reaching C$13.93. 13,206 shares of the stock were exchanged, compared to its average volume of 41,156. NEXON has a 52 week low of C$13.01 and a 52 week high of C$28.82. The company has a fifty day moving average price of C$14.39 and a 200 day moving average price of C$18.88. The stock has a market capitalization of C$11.05 billion and a PE ratio of 13.79.

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

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.