NEXON Co., Ltd. (OTCMKTS:NEXOF – Get Free Report) saw a significant drop in short interest in the month of May. As of May 31st, there was short interest totalling 2,941,900 shares, a drop of 25.1% from the May 15th total of 3,930,300 shares. Based on an average daily volume of 2,500 shares, the days-to-cover ratio is presently 1,176.8 days.
NEXON Price Performance
OTCMKTS NEXOF opened at $19.10 on Friday. The stock’s 50-day moving average is $16.03 and its 200-day moving average is $14.52. NEXON has a one year low of $11.29 and a one year high of $21.50.
Analysts Set New Price Targets
Separately, The Goldman Sachs Group started coverage on NEXON in a research report on Tuesday, March 25th. They set a “sell” rating on the stock.
NEXON Company Profile
NEXON Co, Ltd. produces, develops, and services PC online and mobile games. It operates through five segments: Japan, Korea, China, North America, and Others. The company’s PC online game titles include MapleStory, Dungeon & Fighter, and EA SPORTS FIFA ONLINE 4. The company was formerly known as NEXON Japan Co, Ltd.
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