GN Store Nord (OTCMKTS:GNNDY) Sees Significant Increase in Short Interest

GN Store Nord (OTCMKTS:GNNDY) was the target of a significant increase in short interest in 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. Currently, 0.0% of the shares of the stock are sold short. Based on an average daily volume of 1,718 shares, the short-interest ratio is presently 0.8 days.

GN Store Nord Stock Up 0.1%

Shares of OTCMKTS GNNDY opened at $41.74 on Friday. The company has a current ratio of 1.01, a quick ratio of 0.69 and a debt-to-equity ratio of 0.79. The firm has a market capitalization of $2.10 billion, a PE ratio of -34.50 and a beta of 1.65. The firm’s 50-day moving average is $42.40 and its 200-day moving average is $45.56. GN Store Nord has a 1 year low of $39.45 and a 1 year high of $57.22.

GN Store Nord (OTCMKTS:GNNDY) last announced its quarterly earnings data on Thursday, May 7th. The company reported ($1.43) earnings per share for the quarter, missing the consensus estimate of $0.49 by ($1.92). GN Store Nord had a negative net margin of 2.53% and a positive return on equity of 1.31%. The business had revenue of $606.94 million during the quarter, compared to analyst estimates of $614.94 million. Equities analysts expect that GN Store Nord will post 0.79 EPS for the current year.

Analyst Ratings Changes

Several research analysts have issued reports on GNNDY shares. Citigroup reaffirmed a “buy” rating on shares of GN Store Nord in a report on Thursday, April 30th. Zacks Research raised 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 issued a Hold rating to the company. Based on data from MarketBeat, GN Store Nord has an average rating of “Hold”.

About GN Store Nord

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.