NEXON Co., Ltd. (OTCMKTS:NEXOY) Short Interest Up 506.5% in June

NEXON Co., Ltd. (OTCMKTS:NEXOY) was the recipient of a large increase in short interest in June. As of June 15th, there was short interest totaling 18,303 shares, an increase of 506.5% from the May 31st total of 3,018 shares. Based on an average trading volume of 94,885 shares, the short-interest ratio is currently 0.2 days. Currently, 0.0% of the company’s shares are sold short.

NEXON Trading Up 1.1%

OTCMKTS NEXOY traded up C$0.15 on Friday, hitting C$13.21. 53,588 shares of the company were exchanged, compared to its average volume of 39,135. NEXON has a 12 month low of C$13.01 and a 12 month high of C$28.82. The company has a market cap of C$10.47 billion and a PE ratio of 13.08. The stock has a fifty day moving average of C$15.01 and a 200-day moving average of C$19.65.

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

Wall Street Analysts Forecast Growth

Separately, Zacks Research upgraded 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. Based on data from MarketBeat, NEXON has a consensus rating of “Moderate Buy”.

NEXON Company Profile

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.