GN Store Nord (OTCMKTS:GNNDY) Short Interest Update

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

Analyst Ratings Changes

A number of research analysts recently weighed in on GNNDY shares. Zacks Research raised GN Store Nord from a “strong sell” rating to a “hold” rating in a report on Monday, May 18th. Citigroup reaffirmed a “buy” rating on shares of GN Store Nord in a report on Thursday, April 30th. Finally, 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. Two research analysts have rated the stock with a Buy rating and three have issued a Hold rating to the company’s stock. According to MarketBeat.com, the stock currently has a consensus rating of “Hold”.

GN Store Nord Price Performance

Shares of OTCMKTS:GNNDY opened at $44.11 on Friday. The business’s 50 day simple moving average is $45.77 and its 200-day simple moving average is $47.20. The firm has a market capitalization of $2.22 billion, a price-to-earnings ratio of -36.45 and a beta of 1.65. The company has a debt-to-equity ratio of 0.79, a current ratio of 1.01 and a quick ratio of 0.86. GN Store Nord has a 12 month low of $39.78 and a 12 month high of $57.22.

GN Store Nord (OTCMKTS:GNNDY) last announced its quarterly earnings results on Thursday, May 7th. The company reported ($1.43) EPS for the quarter, missing the consensus estimate of $0.49 by ($1.92). The firm had revenue of $606.94 million for the quarter, compared to analysts’ expectations of $614.94 million. GN Store Nord had a positive return on equity of 1.31% and a negative net margin of 2.53%. As a group, equities analysts forecast 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.