WEBTOON Entertainment Inc. (NASDAQ:WBTN) Short Interest Down 20.5% in August

WEBTOON Entertainment Inc. (NASDAQ:WBTN) was the target of a large decline in short interest in the month of August. As of August 31st, there was short interest totaling 2,750,000 shares, a decline of 20.5% from the August 15th total of 3,460,000 shares. Approximately 17.7% of the company’s shares are short sold. Based on an average daily volume of 628,000 shares, the short-interest ratio is currently 4.4 days. Based on an average daily volume of 628,000 shares, the short-interest ratio is currently 4.4 days. Approximately 17.7% of the company’s shares are short sold.

WEBTOON Entertainment Trading Up 0.5%

NASDAQ WBTN opened at $21.10 on Friday. WEBTOON Entertainment has a 12 month low of $6.75 and a 12 month high of $21.99. The stock has a market cap of $2.76 billion, a P/E ratio of -27.40 and a beta of 1.34. The stock’s fifty day moving average price is $12.80 and its 200-day moving average price is $10.13.

WEBTOON Entertainment (NASDAQ:WBTN) last released its earnings results on Tuesday, August 12th. The company reported $0.07 EPS for the quarter, topping analysts’ consensus estimates of $0.02 by $0.05. WEBTOON Entertainment had a negative return on equity of 0.13% and a negative net margin of 7.24%.The firm had revenue of $348.27 million for the quarter, compared to analysts’ expectations of $341.63 million. During the same period in the prior year, the firm posted $0.20 earnings per share. The company’s quarterly revenue was up 8.5% on a year-over-year basis. WEBTOON Entertainment has set its Q3 2025 guidance at EPS. As a group, analysts forecast that WEBTOON Entertainment will post -0.26 earnings per share for the current fiscal year.

Wall Street Analyst Weigh In

A number of equities analysts have commented on the company. Deutsche Bank Aktiengesellschaft lifted their price target on WEBTOON Entertainment from $18.00 to $25.00 and gave the stock a “buy” rating in a research note on Tuesday. Evercore ISI lifted their price target on WEBTOON Entertainment from $20.00 to $23.00 and gave the stock an “outperform” rating in a research note on Wednesday, August 13th. Zacks Research raised WEBTOON Entertainment from a “hold” rating to a “strong-buy” rating in a research note on Monday, August 25th. The Goldman Sachs Group lifted their price target on WEBTOON Entertainment from $11.00 to $15.00 and gave the stock a “buy” rating in a research note on Wednesday, August 13th. Finally, Wall Street Zen raised WEBTOON Entertainment from a “strong sell” rating to a “hold” rating in a research note on Saturday, August 16th. One research analyst has rated the stock with a Strong Buy rating, four have given a Buy rating and two have assigned a Hold rating to the company. According to data from MarketBeat, WEBTOON Entertainment currently has an average rating of “Moderate Buy” and an average target price of $17.83.

Institutional Investors Weigh In On WEBTOON Entertainment

Institutional investors have recently modified their holdings of the stock. Hsbc Holdings PLC purchased a new stake in shares of WEBTOON Entertainment in the first quarter worth $187,000. Ameriprise Financial Inc. purchased a new stake in shares of WEBTOON Entertainment in the fourth quarter worth $5,033,000. Millennium Management LLC boosted its position in shares of WEBTOON Entertainment by 1,312.2% during the fourth quarter. Millennium Management LLC now owns 224,887 shares of the company’s stock valued at $3,054,000 after buying an additional 208,962 shares during the last quarter. XTX Topco Ltd purchased a new stake in shares of WEBTOON Entertainment during the first quarter valued at $131,000. Finally, Walleye Capital LLC purchased a new stake in shares of WEBTOON Entertainment during the first quarter valued at $488,000.

WEBTOON Entertainment Company Profile

WEBTOON Entertainment Inc operates a storytelling platform worldwide. The company’s platform allows a community of creators and users to discover, create, and share new content. Its platform offers stories primarily in two ways, including web-comics, a graphical comic-like medium; and web-novels, which are text-based stories.