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

NEXON Co., Ltd. (OTCMKTS:NEXOY) was the recipient of a significant decline in short interest in the month of September. As of September 30th, there was short interest totaling 1,612 shares, a decline of 90.9% from the September 15th total of 17,640 shares. Based on an average daily volume of 27,466 shares, the days-to-cover ratio is presently 0.1 days. Approximately 0.0% of the shares of the company are short sold.

NEXON Stock Performance

OTCMKTS NEXOY traded up C$0.74 on Friday, hitting C$17.15. 13,229 shares of the company’s stock traded hands, compared to its average volume of 34,103. The firm’s 50-day moving average price is C$18.60 and its two-hundred day moving average price is C$16.46. The firm has a market capitalization of C$13.39 billion and a PE ratio of 15.45. The company has a current ratio of 5.85, a quick ratio of 5.85 and a debt-to-equity ratio of 0.03. NEXON has a 1-year low of C$13.01 and a 1-year high of C$28.82.

NEXON (OTCMKTS:NEXOY) last announced its quarterly earnings results on Thursday, August 13th. The company reported C$0.24 earnings per share for the quarter. The company had revenue of C$759.75 million for the quarter, compared to the consensus estimate of C$729.73 million. NEXON had a return on equity of 12.56% and a net margin of 26.37%. As a group, analysts expect that NEXON will post 0.83 EPS for the current year.

About NEXON

NEXON Co, Ltd. is a Japan-based video game company that develops, publishes and operates online games for personal computers, mobile devices and consoles. Its business focuses on long-term, live-service game franchises supported by regular updates, community features and digital content. The company serves players worldwide through regional operations and publishing partnerships.

NEXON’s portfolio includes well-known titles such as MapleStory, Dungeon & Fighter, EA SPORTS FC Online, Blue Archive and THE FINALS.