NEXON Co., Ltd. (OTCMKTS:NEXOY) Sees Large Decline in Short Interest

NEXON Co., Ltd. (OTCMKTS:NEXOY) was the target of a large drop in short interest during the month of August. As of August 31st, there was short interest totaling 12,339 shares, a drop of 53.3% from the August 15th total of 26,431 shares. Based on an average daily volume of 27,892 shares, the short-interest ratio is currently 0.4 days. Currently, 0.0% of the shares of the company are short sold.

NEXON Stock Performance

Shares of OTCMKTS NEXOY opened at C$20.24 on Monday. The stock has a 50 day moving average of C$16.99 and a 200-day moving average of C$16.54. NEXON has a 12 month low of C$13.01 and a 12 month high of C$28.82. The company has a market capitalization of C$15.80 billion and a P/E ratio of 18.24. The company has a current ratio of 5.13, a quick ratio of 5.13 and a debt-to-equity ratio of 0.03.

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

NEXON Company Profile

NEXON Co, Ltd. is a Japan-based global video game company that develops, publishes and operates online and mobile games. Its portfolio includes massively multiplayer online role-playing games, action games, racing titles and other interactive entertainment products. Notable franchises include MapleStory, Dungeon&Fighter, Mabinogi, KartRider and Blue Archive, as well as newer releases such as The First Descendant.

The company was founded in Seoul in 1994 and is recognized as an early pioneer of free-to-play online games.