Short Interest in GN Store Nord (OTCMKTS:GNNDY) Grows By 28.2%

GN Store Nord (OTCMKTS:GNNDY) was the recipient of a significant growth in short interest in the month of December. As of December 31st, there was short interest totaling 100 shares, a growth of 28.2% from the December 15th total of 78 shares. Based on an average trading volume of 136 shares, the short-interest ratio is presently 0.7 days. Based on an average trading volume of 136 shares, the short-interest ratio is presently 0.7 days.

GN Store Nord Trading Up 0.5%

GNNDY stock opened at $54.84 on Friday. The company has a 50 day moving average price of $49.33 and a 200 day moving average price of $50.27. GN Store Nord has a fifty-two week low of $36.83 and a fifty-two week high of $64.33. The company has a debt-to-equity ratio of 0.81, a quick ratio of 0.82 and a current ratio of 1.14.

GN Store Nord (OTCMKTS:GNNDY) last issued its quarterly earnings results on Thursday, November 6th. The company reported $0.23 EPS for the quarter, missing the consensus estimate of $0.64 by ($0.41). GN Store Nord had a return on equity of 6.49% and a net margin of 4.05%.The business had revenue of $611.77 million for the quarter, compared to analyst estimates of $622.58 million. Equities research analysts anticipate that GN Store Nord will post 4.93 earnings per share for the current fiscal year.

Analyst Upgrades and Downgrades

A number of research analysts have issued reports on GNNDY shares. Zacks Research cut GN Store Nord from a “strong-buy” rating to a “hold” rating in a report on Tuesday, October 21st. Barclays raised shares of GN Store Nord from an “equal weight” rating to an “overweight” rating in a report on Monday, November 24th. Citigroup reaffirmed a “buy” rating on shares of GN Store Nord in a research note on Thursday, October 23rd. Finally, Royal Bank Of Canada raised GN Store Nord to a “hold” rating in a report on Tuesday, November 18th. Two equities research analysts have rated the stock with a Buy rating and three have issued a Hold rating to the company’s stock. According to data from MarketBeat.com, the company presently 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.