NEXON Co., Ltd. (OTCMKTS:NEXOY) Short Interest Up 61.4% in August

NEXON Co., Ltd. (OTCMKTS:NEXOY) was the target of a significant growth in short interest in August. As of August 14th, there was short interest totaling 26,431 shares, a growth of 61.4% from the July 30th total of 16,376 shares. Based on an average trading volume of 29,884 shares, the days-to-cover ratio is presently 0.9 days. Currently, 0.0% of the company’s stock are short sold.

NEXON Stock Down 0.8%

Shares of OTCMKTS NEXOY traded down C$0.16 during trading on Monday, reaching C$19.83. The company had a trading volume of 7,498 shares, compared to its average volume of 37,928. NEXON has a 12-month low of C$13.01 and a 12-month high of C$28.82. The company has a quick ratio of 5.13, a current ratio of 5.13 and a debt-to-equity ratio of 0.03. The business’s 50-day moving average is C$15.66 and its 200 day moving average is C$16.67. The stock has a market cap of C$15.73 billion and a PE ratio of 17.86.

NEXON (OTCMKTS:NEXOY) last posted its quarterly earnings results on Thursday, August 13th. The company reported C$0.24 earnings per share (EPS) for the quarter. The firm had revenue of C$759.75 million during the quarter, compared to analyst estimates of C$729.73 million. NEXON had a return on equity of 12.45% and a net margin of 26.37%. As a group, equities analysts forecast that NEXON will post 0.74 earnings per share for the current fiscal year.

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.