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

NEXON Co., Ltd. (OTCMKTS:NEXOY) was the target of a large growth in short interest in June. As of June 15th, there was short interest totaling 18,303 shares, a growth 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 presently 0.2 days. Approximately 0.0% of the shares of the company are short sold.

NEXON Trading Up 1.5%

NEXOY stock traded up C$0.20 during midday trading on Friday, hitting C$13.26. The stock had a trading volume of 8,788 shares, compared to its average volume of 38,735. The stock has a 50-day simple moving average of C$15.09 and a 200 day simple moving average of C$19.69. The firm has a market capitalization of C$10.51 billion and a price-to-earnings ratio of 13.12. NEXON has a 52 week low of C$13.01 and a 52 week high of C$28.82.

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

Analysts Set New Price Targets

Separately, Zacks Research upgraded shares of NEXON to a “hold” rating in a research note on Friday, April 10th. Two analysts have rated the stock with a Buy rating and two have given a Hold rating to the stock. Based on data from MarketBeat.com, the company currently has a consensus 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.