GN Store Nord (OTCMKTS:GNNDY) Sees Large Growth in Short Interest

GN Store Nord (OTCMKTS:GNNDY) saw a large increase in short interest in September. As of September 30th, there was short interest totaling 493 shares, an increase of 948.9% from the September 15th total of 47 shares. Currently, 0.0% of the shares of the stock are sold short. Based on an average daily volume of 1,599 shares, the short-interest ratio is currently 0.3 days.

GN Store Nord Price Performance

Shares of OTCMKTS:GNNDY remained flat at $47.25 during trading on Friday. 1 shares of the company’s stock were exchanged, compared to its average volume of 928. GN Store Nord has a 52 week low of $39.45 and a 52 week high of $55.78. The company has a current ratio of 0.94, a quick ratio of 0.64 and a debt-to-equity ratio of 0.78. The firm has a market cap of $2.38 billion, a price-to-earnings ratio of -26.25 and a beta of 1.65. The company has a fifty day simple moving average of $45.99 and a two-hundred day simple moving average of $44.70.

GN Store Nord (OTCMKTS:GNNDY) last issued its earnings results on Wednesday, August 19th. The company reported ($0.69) EPS for the quarter, missing analysts’ consensus estimates of ($0.28) by ($0.41). The firm had revenue of $337.72 million during the quarter, compared to analysts’ expectations of $334.16 million. GN Store Nord had a negative net margin of 4.32% and a negative return on equity of 2.44%. As a group, research analysts anticipate that GN Store Nord will post 0.79 EPS for the current year.

Wall Street Analyst Weigh In

Separately, Zacks Research upgraded GN Store Nord from a “strong sell” rating to a “hold” rating in a research report on Friday, July 17th. Two investment analysts have rated the stock with a Buy rating and three have given a Hold rating to the stock. Based on data from MarketBeat.com, GN Store Nord currently has a consensus rating of “Hold”.

About GN Store Nord

GN Store Nord A/S is a Denmark-based technology company that develops solutions for hearing, audio and communications. The group is headquartered in Ballerup, Denmark, and serves consumers, businesses and hearing-care professionals in markets worldwide.

Through GN Hearing, the company designs and supplies hearing aids, wireless accessories, audiology products and related support services. Its hearing solutions are marketed under brands including ReSound, Beltone and Interton, and are distributed through hearing-care providers, retail channels and other professional networks.

GN Audio develops professional and consumer audio products, including headsets, earbuds, speakerphones and video-conferencing equipment.