GN Store Nord (OTCMKTS:GNNDY) Short Interest Update

GN Store Nord (OTCMKTS:GNNDY) was the recipient of a significant 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. Based on an average daily trading volume, of 565 shares, the days-to-cover ratio is currently 0.6 days. Currently, 0.0% of the shares of the stock are sold short.

GN Store Nord Stock Performance

GNNDY remained flat at $45.24 on Wednesday. 99 shares of the company were exchanged, compared to its average volume of 214. The stock has a market capitalization of $2.28 billion, a P/E ratio of -37.38 and a beta of 1.65. GN Store Nord has a 1-year low of $39.78 and a 1-year high of $57.22. The business has a 50-day moving average of $45.76 and a 200 day moving average of $47.34. The company has a debt-to-equity ratio of 0.79, a quick ratio of 0.86 and a current ratio of 1.18.

GN Store Nord (OTCMKTS:GNNDY) last posted 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 business 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 1.30% and a negative net margin of 2.53%. As a group, equities research analysts predict that GN Store Nord will post 0.79 EPS for the current fiscal year.

Analyst Ratings Changes

A number of brokerages have recently issued reports on GNNDY. Jefferies Financial Group downgraded shares of GN Store Nord from a “strong-buy” rating to a “hold” rating in a report on Wednesday, March 18th. Citigroup reissued a “buy” rating on shares of GN Store Nord in a report on Thursday, April 30th. Finally, Zacks Research raised shares of GN Store Nord from a “strong sell” rating to a “hold” rating in a report on Monday, May 18th. Two equities research analysts have rated the stock with a Buy rating and three have given a Hold rating to the company. Based on data from MarketBeat, GN Store Nord 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.