NEXON Co., Ltd. (OTCMKTS:NEXOY) Sees Significant Decrease in Short Interest

NEXON Co., Ltd. (OTCMKTS:NEXOYGet Free Report) saw a significant decrease in short interest in July. As of July 15th, there was short interest totaling 63,935 shares, a decrease of 42.5% from the June 30th total of 111,277 shares. Based on an average daily volume of 105,915 shares, the short-interest ratio is presently 0.6 days. Approximately 0.0% of the company’s shares are sold short.

NEXON Stock Down 1.2%

NEXON stock traded down C$0.20 during mid-day trading on Thursday, reaching C$16.20. 7,113 shares of the company’s stock were exchanged, compared to its average volume of 41,265. The company has a market cap of C$12.85 billion and a P/E ratio of 16.03. NEXON has a twelve month low of C$13.01 and a twelve month high of C$28.82. The company has a fifty day moving average of C$14.00 and a 200-day moving average of C$17.92.

NEXON (OTCMKTS:NEXOYGet Free Report) last posted its quarterly earnings results on Thursday, May 14th. The company reported C$0.46 EPS for the quarter. The business had revenue of C$970.34 million during the quarter, compared to analyst estimates of C$1.05 billion.

Wall Street Analyst Weigh In

Separately, Zacks Research raised NEXON to a “hold” rating in a research note on Friday, April 10th. Two equities research analysts have rated the stock with a Buy rating and two have assigned a Hold rating to the company’s stock. According to MarketBeat.com, NEXON has a consensus rating of “Moderate Buy”.

View Our Latest Stock Analysis on NEXON

About NEXON

(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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