WEBTOON Entertainment Inc. (NASDAQ:WBTN) Short Interest Update

WEBTOON Entertainment Inc. (NASDAQ:WBTN) was the target of a large increase in short interest in December. As of December 15th, there was short interest totaling 4,517,611 shares, an increase of 26.9% from the November 30th total of 3,559,359 shares. Based on an average trading volume of 495,225 shares, the days-to-cover ratio is presently 9.1 days. Currently, 3.5% of the company’s stock are short sold. Currently, 3.5% of the company’s stock are short sold. Based on an average trading volume of 495,225 shares, the days-to-cover ratio is presently 9.1 days.

WEBTOON Entertainment Trading Up 0.2%

Shares of WBTN opened at $13.18 on Wednesday. The stock has a 50 day moving average of $14.56 and a 200 day moving average of $13.85. The company has a market capitalization of $1.72 billion, a price-to-earnings ratio of -13.05 and a beta of 1.90. WEBTOON Entertainment has a 12 month low of $6.75 and a 12 month high of $22.47.

WEBTOON Entertainment (NASDAQ:WBTN) last announced its quarterly earnings data on Wednesday, November 12th. The company reported $0.04 earnings per share (EPS) for the quarter, meeting analysts’ consensus estimates of $0.04. WEBTOON Entertainment had a negative return on equity of 2.14% and a negative net margin of 9.28%.The firm had revenue of $378.04 million during the quarter, compared to the consensus estimate of $385.21 million. During the same quarter in the prior year, the company earned $0.15 EPS. The business’s revenue for the quarter was up 8.7% on a year-over-year basis. As a group, equities research analysts predict that WEBTOON Entertainment will post -0.26 earnings per share for the current year.

Analyst Upgrades and Downgrades

A number of brokerages have commented on WBTN. Deutsche Bank Aktiengesellschaft boosted their price objective on WEBTOON Entertainment from $18.00 to $25.00 and gave the stock a “buy” rating in a report on Tuesday, September 16th. Zacks Research cut WEBTOON Entertainment from a “strong-buy” rating to a “hold” rating in a research report on Thursday, November 20th. UBS Group downgraded WEBTOON Entertainment from a “buy” rating to a “neutral” rating in a report on Friday, November 14th. Evercore ISI dropped their price objective on WEBTOON Entertainment from $23.00 to $20.00 and set an “outperform” rating on the stock in a research note on Thursday, November 13th. Finally, JPMorgan Chase & Co. lifted their price objective on shares of WEBTOON Entertainment from $14.00 to $22.00 and gave the stock a “neutral” rating in a report on Tuesday, September 16th. Four analysts have rated the stock with a Buy rating, four have given a Hold rating and one has issued a Sell rating to the company’s stock. Based on data from MarketBeat.com, the company has a consensus rating of “Hold” and an average price target of $17.33.

Institutional Trading of WEBTOON Entertainment

A number of large investors have recently added to or reduced their stakes in WBTN. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. boosted its stake in WEBTOON Entertainment by 8.6% in the second quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 9,816 shares of the company’s stock valued at $89,000 after acquiring an additional 774 shares during the last quarter. Signaturefd LLC increased its stake in shares of WEBTOON Entertainment by 59.6% during the 2nd quarter. Signaturefd LLC now owns 3,375 shares of the company’s stock worth $31,000 after purchasing an additional 1,261 shares during the last quarter. BNP Paribas Financial Markets raised its holdings in shares of WEBTOON Entertainment by 103.4% in the 3rd quarter. BNP Paribas Financial Markets now owns 3,548 shares of the company’s stock worth $69,000 after purchasing an additional 1,804 shares during the period. FNY Investment Advisers LLC purchased a new position in WEBTOON Entertainment in the third quarter valued at approximately $39,000. Finally, CWM LLC grew its holdings in WEBTOON Entertainment by 54.1% during the third quarter. CWM LLC now owns 7,204 shares of the company’s stock valued at $140,000 after purchasing an additional 2,530 shares during the period.

About WEBTOON Entertainment

Webtoon Entertainment Inc operates WEBTOON, a leading digital comics platform offering a diverse library of user-generated and professionally produced webcomics. The company enables creators around the world to publish serialized content in a vertical-scrolling format optimized for mobile and web consumption. Through its platform, readers can access thousands of titles across genres such as romance, fantasy, drama, and action, with both free-to-read episodes and advanced access options supported by microtransactions and advertising.

Founded as part of Naver Corporation and launched internationally in 2014, Webtoon Entertainment has grown rapidly by fostering a direct connection between comic creators and global audiences.