GN Store Nord (OTCMKTS:GNNDY) Short Interest Up 86.7% in April

GN Store Nord (OTCMKTS:GNNDY) saw a large growth in short interest in the month of April. As of April 30th, there was short interest totaling 521 shares, a growth of 86.7% from the April 15th total of 279 shares. Approximately 0.0% of the company’s shares are sold short. Based on an average daily trading volume, of 316 shares, the short-interest ratio is currently 1.6 days.

GN Store Nord Trading Down 2.2%

Shares of GN Store Nord stock traded down $0.98 during trading on Friday, reaching $43.44. 56 shares of the company were exchanged, compared to its average volume of 237. The company has a quick ratio of 0.86, a current ratio of 1.18 and a debt-to-equity ratio of 0.79. GN Store Nord has a twelve month low of $39.78 and a twelve month high of $57.22. The business has a 50-day moving average price of $45.48 and a 200-day moving average price of $47.86. The firm has a market capitalization of $2.19 billion, a price-to-earnings ratio of -35.90 and a beta of 1.66.

GN Store Nord (OTCMKTS:GNNDY) last announced its quarterly earnings data on Thursday, May 7th. The company reported ($1.43) EPS for the quarter, missing analysts’ consensus estimates of $0.49 by ($1.92). GN Store Nord had a positive return on equity of 1.30% and a negative net margin of 2.53%.The company had revenue of $606.94 million for the quarter, compared to analyst estimates of $614.94 million. Sell-side analysts anticipate that GN Store Nord will post 4.05 EPS for the current fiscal year.

Analyst Ratings Changes

Several equities research analysts have recently commented on the company. Zacks Research cut GN Store Nord from a “hold” rating to a “strong sell” rating in a research note on Thursday, February 12th. Jefferies Financial Group cut GN Store Nord from a “strong-buy” rating to a “hold” rating in a research note on Wednesday, March 18th. Finally, Citigroup reissued a “buy” rating on shares of GN Store Nord in a research note on Thursday, April 30th. Two analysts have rated the stock with a Buy rating, two have issued a Hold rating and one has given a Sell rating to the company’s stock. According to MarketBeat, the stock has an average 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.