GN Store Nord (OTCMKTS:GNNDY) Short Interest Update

GN Store Nord (OTCMKTS:GNNDY) was the target of a large increase in short interest in April. As of April 30th, there was short interest totaling 521 shares, an increase of 86.7% from the April 15th total of 279 shares. Based on an average daily trading volume, of 316 shares, the short-interest ratio is currently 1.6 days. Approximately 0.0% of the company’s shares are sold short.

GN Store Nord Stock Performance

Shares of GNNDY stock remained flat at $44.72 during trading hours on Tuesday. 33 shares of the stock traded hands, compared to its average volume of 208. GN Store Nord has a 52 week low of $39.78 and a 52 week high of $57.22. The company has a quick ratio of 0.86, a current ratio of 1.18 and a debt-to-equity ratio of 0.79. The company has a 50 day moving average of $45.52 and a 200 day moving average of $47.76. The stock has a market cap of $2.25 billion, a P/E ratio of -36.96 and a beta of 1.66.

GN Store Nord (OTCMKTS:GNNDY) last posted its quarterly earnings data on Thursday, May 7th. The company reported ($1.43) EPS for the quarter, missing the consensus estimate of $0.49 by ($1.92). The company had revenue of $606.94 million during the quarter, compared to the consensus estimate of $614.94 million. GN Store Nord had a negative net margin of 2.53% and a positive return on equity of 1.30%. On average, research analysts forecast that GN Store Nord will post 4.05 EPS for the current year.

Analyst Ratings Changes

Several research analysts have weighed in on GNNDY shares. Jefferies Financial Group lowered GN Store Nord from a “strong-buy” rating to a “hold” rating in a report on Wednesday, March 18th. Citigroup restated a “buy” rating on shares of GN Store Nord in a report on Thursday, April 30th. Finally, Zacks Research lowered GN Store Nord from a “hold” rating to a “strong sell” rating in a research report on Thursday, February 12th. Two research analysts have rated the stock with a Buy rating, two have assigned a Hold rating and one has given a Sell rating to the company. According to data from MarketBeat, the stock has a consensus rating of “Hold”.

GN Store Nord Company Profile

GN Store Nord A/S is a Denmark‐based technology company specializing in intelligent audio solutions. The group operates through two primary business units: GN Hearing, which develops and manufactures advanced hearing aids and associated hearing care technologies, and GN Audio, which produces professional and consumer headsets under the Jabra brand. GN Store Nord’s product portfolio spans digital hearing devices, wireless headsets, speakerphones and earbuds, all designed to enhance communication and improve listening experiences for individuals and enterprises alike.

Under the GN Hearing division, the company offers a range of hearing aids and wireless accessories that leverage digital signal processing, artificial intelligence and direct audio streaming.