Short Interest in GN Store Nord (OTCMKTS:GNNDY) Decreases By 79.6%

GN Store Nord (OTCMKTS:GNNDY) was the target of a large drop in short interest in July. As of July 31st, there was short interest totaling 277 shares, a drop of 79.6% from the July 15th total of 1,359 shares. Based on an average trading volume of 400 shares, the short-interest ratio is presently 0.7 days. Approximately 0.0% of the shares of the company are short sold.

GN Store Nord Stock Performance

GNNDY stock traded up $0.97 during mid-day trading on Friday, reaching $47.32. 1 shares of the stock traded hands, compared to its average volume of 558. The company has a quick ratio of 0.69, a current ratio of 1.01 and a debt-to-equity ratio of 0.79. GN Store Nord has a 52 week low of $39.45 and a 52 week high of $57.22. The business has a 50-day moving average of $42.57 and a two-hundred day moving average of $44.72. The firm has a market capitalization of $2.38 billion, a PE ratio of -39.11 and a beta of 1.64.

Wall Street Analyst Weigh In

A number of brokerages have issued reports on GNNDY. Citigroup reaffirmed a “buy” rating on shares of GN Store Nord in a research report on Thursday, April 30th. Zacks Research raised shares of GN Store Nord from a “strong sell” rating to a “hold” rating in a research report on Friday, July 17th. Two analysts have rated the stock with a Buy rating and three have given a Hold rating to the company. According to MarketBeat.com, the stock has a consensus rating of “Hold”.

About GN Store Nord

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.