GN Store Nord (OTCMKTS:GNNDY) Short Interest Update

GN Store Nord (OTCMKTS:GNNDY) was the recipient of a significant drop in short interest during the month of May. As of May 15th, there was short interest totaling 315 shares, a drop of 39.5% from the April 30th total of 521 shares. Based on an average daily volume of 565 shares, the short-interest ratio is currently 0.6 days. Approximately 0.0% of the company’s shares are short sold.

Analysts Set New Price Targets

Several analysts recently weighed in on GNNDY shares. Zacks Research upgraded shares of GN Store Nord from a “strong sell” rating to a “hold” rating in a report on Monday, May 18th. Jefferies Financial Group cut shares of GN Store Nord from a “strong-buy” rating to a “hold” rating in a research note on Wednesday, March 18th. Finally, Citigroup reiterated a “buy” rating on shares of GN Store Nord in a research note on Thursday, April 30th. Two research analysts have rated the stock with a Buy rating and three have issued a Hold rating to the company. Based on data from MarketBeat, GN Store Nord presently has a consensus rating of “Hold”.

GN Store Nord Stock Performance

OTCMKTS:GNNDY remained flat at $45.24 during mid-day trading on Wednesday. The company’s stock had a trading volume of 99 shares, compared to its average volume of 214. GN Store Nord has a fifty-two week low of $39.78 and a fifty-two week high of $57.22. The firm’s 50-day simple moving average is $45.76 and its two-hundred day simple moving average is $47.34. The company has a current ratio of 1.18, a quick ratio of 0.86 and a debt-to-equity ratio of 0.79. The stock has a market capitalization of $2.28 billion, a PE ratio of -37.38 and a beta of 1.65.

GN Store Nord (OTCMKTS:GNNDY) last issued its earnings results on Thursday, May 7th. The company reported ($1.43) earnings per share for the quarter, missing analysts’ consensus estimates of $0.49 by ($1.92). GN Store Nord had a positive return on equity of 1.30% and a negative net margin of 2.53%.The business had revenue of $606.94 million during the quarter, compared to analysts’ expectations of $614.94 million. Analysts predict that GN Store Nord will post 0.79 earnings per share for the current fiscal year.

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.