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

NEXON Co., Ltd. (OTCMKTS:NEXOY) was the recipient of a large increase in short interest in the month of 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 daily volume of 44,127 shares, the short-interest ratio is presently 0.4 days. Based on an average daily volume of 44,127 shares, the short-interest ratio is presently 0.4 days.

NEXON Stock Up 6.4%

Shares of NEXOY stock traded up C$1.55 during trading on Friday, reaching C$25.62. 4,881 shares of the company’s stock were exchanged, compared to its average volume of 18,377. NEXON has a twelve month low of C$12.50 and a twelve month high of C$25.92. The firm’s fifty day moving average price is C$22.95 and its 200-day moving average price is C$21.52.

Analyst Ratings Changes

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

NEXON Company Profile

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.