Short Interest in NEXON Co., Ltd. (OTCMKTS:NEXOY) Expands By 207.3%

NEXON Co., Ltd. (OTCMKTS:NEXOYGet Free Report) saw a large increase in short interest in December. As of December 15th, there was short interest totaling 15,528 shares, an increase of 207.3% from the November 30th total of 5,053 shares. Based on an average trading volume of 44,127 shares, the short-interest ratio is currently 0.4 days. Based on an average trading volume of 44,127 shares, the short-interest ratio is currently 0.4 days.

Wall Street Analyst Weigh In

Separately, Morgan Stanley upgraded shares of NEXON to an “overweight” rating in a report on Tuesday, November 11th. One equities research analyst has rated the stock with a Buy rating and one has given a Hold rating to the stock. According to data from MarketBeat, the company presently has an average rating of “Moderate Buy”.

Check Out Our Latest Analysis on NEXON

NEXON Stock Performance

NEXON stock traded up C$0.50 during trading hours on Friday, reaching C$24.57. The stock had a trading volume of 8,188 shares, compared to its average volume of 18,395. The business’s 50 day moving average price is C$23.03 and its 200-day moving average price is C$21.57. NEXON has a 52 week low of C$12.50 and a 52 week high of C$25.92.

NEXON Company Profile

(Get Free Report)

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.

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