GN Store Nord (OTCMKTS:GNNDY) Short Interest Up 304.5% in July

GN Store Nord (OTCMKTS:GNNDY) was the recipient of a large increase in short interest during the month of July. As of July 15th, there was short interest totaling 1,359 shares, an increase of 304.5% from the June 30th total of 336 shares. Based on an average daily volume of 1,718 shares, the days-to-cover ratio is currently 0.8 days. Approximately 0.0% of the shares of the company are sold short.

GN Store Nord Price Performance

Shares of OTCMKTS:GNNDY opened at $41.74 on Monday. The business has a 50 day moving average price of $42.40 and a 200 day moving average price of $45.52. GN Store Nord has a twelve month low of $39.45 and a twelve month high of $57.22. The company has a market cap of $2.10 billion, a price-to-earnings ratio of -34.50 and a beta of 1.65. The company has a quick ratio of 0.69, a current ratio of 1.01 and a debt-to-equity ratio of 0.79.

GN Store Nord (OTCMKTS:GNNDY) last issued 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 during the quarter, compared to the consensus estimate of $614.94 million. GN Store Nord had a positive return on equity of 1.31% and a negative net margin of 2.53%. Research analysts predict that GN Store Nord will post 0.79 earnings per share for the current year.

Analyst Ratings Changes

Several equities analysts have commented on GNNDY shares. Citigroup reiterated a “buy” rating on shares of GN Store Nord in a report on Thursday, April 30th. Zacks Research raised shares of GN Store Nord from a “strong sell” rating to a “hold” rating in a report on Friday, July 17th. Two investment analysts have rated the stock with a Buy rating and three have given a Hold rating to the company’s stock. According to data from MarketBeat, 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.