GN Store Nord A/S (OTCMKTS:GNNDY – Get Rating) saw a significant decrease in short interest in the month of May. As of May 15th, there was short interest totalling 600 shares, a decrease of 64.7% from the April 30th total of 1,700 shares. Based on an average daily trading volume, of 400 shares, the short-interest ratio is currently 1.5 days.
Wall Street Analyst Weigh In
A number of equities analysts have recently issued reports on GNNDY shares. Handelsbanken started coverage on GN Store Nord A/S in a research report on Friday, April 21st. They set an “outperform” rating on the stock. Jefferies Financial Group raised GN Store Nord A/S from a “hold” rating to a “buy” rating in a research report on Tuesday, February 28th. Finally, Sanford C. Bernstein assumed coverage on GN Store Nord A/S in a research report on Friday, May 12th. They set a “market perform” rating on the stock. Three investment analysts have rated the stock with a hold rating and six have assigned a buy rating to the company’s stock. Based on data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and a consensus target price of $236.50.
GN Store Nord A/S Price Performance
Shares of GNNDY stock traded up $8.03 during mid-day trading on Thursday, hitting $79.75. 14,337 shares of the stock were exchanged, compared to its average volume of 1,869. The firm has a fifty day moving average of $71.39 and a 200 day moving average of $71.26. The company has a quick ratio of 0.52, a current ratio of 0.87 and a debt-to-equity ratio of 1.49. GN Store Nord A/S has a 52-week low of $46.88 and a 52-week high of $124.50. The company has a market cap of $3.65 billion, a PE ratio of 34.08 and a beta of 1.10.
GN Store Nord A/S Company Profile
GN Store Nord A/S engages in the telecommunications and hearing instruments business. The firm operates through the GN Hearing, GN Audio, and Other GN segments. It facilitates communication between people through intelligent hearing, audio, video, and gaming technology. The company was founded by Carl Frederik Tietgen on June 1, 1869 and is headquartered in Ballerup, Denmark.
- Get a free copy of the StockNews.com research report on GN Store Nord A/S (GNNDY)
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