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

NEXON Co., Ltd. (OTCMKTS:NEXOY) saw a significant decrease in short interest in April. As of April 30th, there was short interest totaling 2,356 shares, a decrease of 72.6% from the April 15th total of 8,592 shares. Currently, 0.0% of the company’s shares are short sold. Based on an average trading volume of 72,304 shares, the days-to-cover ratio is currently 0.0 days.

NEXON Price Performance

NEXOY traded up C$0.34 during trading on Wednesday, reaching C$16.64. The stock had a trading volume of 37,482 shares, compared to its average volume of 34,254. The stock’s 50 day moving average is C$17.73 and its two-hundred day moving average is C$21.63. NEXON has a one year low of C$16.06 and a one year high of C$28.82.

Analyst Upgrades and Downgrades

A number of equities analysts recently commented on NEXOY shares. The Goldman Sachs Group upgraded NEXON to a “neutral” rating in a report on Sunday, February 15th. Zacks Research upgraded NEXON to a “hold” rating in a 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 stock. Based on data from MarketBeat.com, the stock 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.