NEXON Co., Ltd. (OTCMKTS:NEXOY) Short Interest Up 207.3% in December

NEXON Co., Ltd. (OTCMKTS:NEXOY) saw a significant increase in short interest during the month of December. As of December 15th, there was short interest totaling 15,528 shares, an increase of 207.3% from the November 30th total of 5,053 shares. Based on an average daily trading volume, of 44,127 shares, the days-to-cover ratio is presently 0.4 days. Based on an average daily trading volume, of 44,127 shares, the days-to-cover ratio is presently 0.4 days.

NEXON Price Performance

Shares of NEXON stock traded up C$1.55 during midday trading on Friday, hitting C$25.62. 4,881 shares of the company were exchanged, compared to its average volume of 18,377. The firm has a 50 day simple moving average of C$22.95 and a 200-day simple moving average of C$21.52. NEXON has a 52 week low of C$12.50 and a 52 week high of C$25.92.

Analyst Upgrades and Downgrades

Separately, Morgan Stanley upgraded NEXON to an “overweight” rating in a research note on Tuesday, November 11th. One analyst has rated the stock with a Buy rating and one has given a Hold rating to the stock. According to MarketBeat.com, the company 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.