GN Store Nord (OTCMKTS:GNNDY) Sees Significant Decrease in Short Interest

GN Store Nord (OTCMKTS:GNNDY) was the target of a large decrease in short interest in the month of September. As of September 15th, there was short interest totaling 47 shares, a decrease of 55.7% from the August 31st total of 106 shares. Currently, 0.0% of the shares of the company are sold short. Based on an average daily volume of 101 shares, the days-to-cover ratio is currently 0.5 days.

Wall Street Analysts Forecast Growth

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 research analysts have rated the stock with a Buy rating and three have assigned a Hold rating to the company’s stock. According to MarketBeat, the company presently has an average rating of “Hold”.

GN Store Nord Stock Performance

Shares of GNNDY stock traded up $0.46 during trading hours on Wednesday, reaching $50.19. The stock had a trading volume of 1,473 shares, compared to its average volume of 543. The company has a debt-to-equity ratio of 0.78, a current ratio of 0.94 and a quick ratio of 0.64. GN Store Nord has a twelve month low of $39.45 and a twelve month high of $56.00. The firm has a 50-day simple moving average of $45.18 and a 200-day simple moving average of $44.48. The firm has a market capitalization of $2.52 billion, a PE ratio of -27.88 and a beta of 1.66.

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

About GN Store Nord

GN Store Nord A/S is a Danish technology company headquartered in Ballerup, Denmark. Founded in 1869 as the Great Northern Telegraph Company, it has evolved from a communications and telegraph operator into a global provider of hearing, audio and communications technologies.

Through GN Hearing, the company develops and markets hearing aids, diagnostic equipment and related digital solutions. Its hearing brands include ReSound, Beltone and Interton, with products designed for consumers, hearing-care professionals and audiology providers.

Through GN Audio, the company offers wireless headsets, earbuds, speakerphones and other collaboration and communications equipment under brands such as Jabra.