GN Store Nord (OTCMKTS:GNNDY) Sees Large Decline in Short Interest

GN Store Nord (OTCMKTS:GNNDY) was the recipient of a significant decline in short interest in the month of October. As of October 15th, there was short interest totaling 102 shares, a decline of 79.3% from the September 30th total of 493 shares. Currently, 0.0% of the company’s shares are short sold. Based on an average daily volume of 2,296 shares, the short-interest ratio is currently 0.0 days.

Analysts Set New Price Targets

Separately, Zacks Research raised GN Store Nord from a “strong sell” rating to a “hold” rating in a research report on Friday, July 17th. Two research analysts have rated the stock with a Buy rating and three have issued a Hold rating to the company. Based on data from MarketBeat.com, the stock presently has an average rating of “Hold”.

GN Store Nord Price Performance

Shares of OTCMKTS:GNNDY remained flat at $51.33 during trading on Wednesday. 1,554 shares of the stock were exchanged. The stock has a 50 day moving average of $46.66 and a 200-day moving average of $45.71. The firm has a market cap of $2.58 billion, a P/E ratio of -28.52 and a beta of 1.65. GN Store Nord has a twelve month low of $39.45 and a twelve month high of $55.78.

GN Store Nord (OTCMKTS:GNNDY) last posted its quarterly earnings data on Wednesday, August 19th. The company reported ($0.69) earnings per share for the quarter, missing analysts’ consensus estimates of ($0.28) by ($0.41). The firm had revenue of $337.72 million during the quarter, compared to analysts’ expectations of $334.16 million. As a group, analysts forecast that GN Store Nord will post 0.79 earnings per share for the current year.

About GN Store Nord

GN Store Nord A/S is a Danish technology company headquartered in Ballerup, Denmark. Founded in 1869 as the Great Northern Telegraph Company, it has evolved into a global provider of hearing, audio and communications technologies.

Through its GN Hearing business, the company develops and sells hearing aids, accessories and related solutions under brands including ReSound, Beltone and Interton. Its products are designed to support people with hearing loss and are distributed through hearing-care professionals and retail channels in markets around the world.

GN’s GN Audio business provides professional headsets, speakerphones, video-conferencing equipment and related communications software under the Jabra brand.