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

GN Store Nord (OTCMKTS:GNNDY) saw a large decline in short interest in July. As of July 31st, there was short interest totaling 277 shares, a decline 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 currently 0.7 days. Approximately 0.0% of the company’s stock are sold short.

Analyst Upgrades and Downgrades

Several equities research analysts recently weighed in on the company. Citigroup restated a “buy” rating on shares of GN Store Nord in a research note on Thursday, April 30th. Zacks Research upgraded shares of GN Store Nord from a “strong sell” rating to a “hold” rating in a research note on Friday, July 17th. Two analysts have rated the stock with a Buy rating and three have given a Hold rating to the stock. Based on data from MarketBeat, the company has an average rating of “Hold”.

GN Store Nord Stock Performance

Shares of GNNDY remained flat at $46.35 on Thursday. The company has a debt-to-equity ratio of 0.79, a quick ratio of 0.69 and a current ratio of 1.01. The company has a market capitalization of $2.33 billion, a P/E ratio of -38.31 and a beta of 1.64. GN Store Nord has a 52 week low of $39.45 and a 52 week high of $57.22. The stock’s 50 day simple moving average is $42.52 and its 200-day simple moving average is $44.76.

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.