NEXON Co., Ltd. (OTCMKTS:NEXOY) Short Interest Up 207.3% in December

by · The Cerbat Gem

NEXON Co., Ltd. (OTCMKTS:NEXOY – Get Free Report) saw a significant increase in short interest during 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 trading volume, of 44,127 shares, the days-to-cover ratio is presently 0.4 days. Based on an average daily trading volume, of 44,127 shares, the days-to-cover ratio is presently 0.4 days.

NEXON Price Performance

Shares of NEXON stock traded up C$1.55 during midday trading on Friday, hitting C$25.62. 4,881 shares of the company were exchanged, compared to its average volume of 18,377. The firm has a 50 day simple moving average of C$22.95 and a 200-day simple moving average of C$21.52. NEXON has a 52 week low of C$12.50 and a 52 week high of C$25.92.

Analyst Upgrades and Downgrades

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

Check Out Our Latest Research Report on NEXOY

About NEXON

(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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