Short Interest in GN Store Nord (OTCMKTS:GNNDY) Grows By 86.7%

GN Store Nord (OTCMKTS:GNNDY) was the recipient of a large increase in short interest during the month of April. As of April 30th, there was short interest totaling 521 shares, an increase of 86.7% from the April 15th total of 279 shares. Based on an average daily volume of 316 shares, the days-to-cover ratio is presently 1.6 days. Approximately 0.0% of the shares of the stock are short sold.

GN Store Nord Price Performance

GNNDY traded up $1.28 on Monday, hitting $44.72. 33 shares of the company were exchanged, compared to its average volume of 588. The business’s fifty day moving average is $45.48 and its 200 day moving average is $47.81. The firm has a market capitalization of $2.25 billion, a P/E ratio of -36.96 and a beta of 1.66. GN Store Nord has a fifty-two week low of $39.78 and a fifty-two week high of $57.22. 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 announced its earnings results on Thursday, May 7th. The company reported ($1.43) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.49 by ($1.92). The business had revenue of $606.94 million for the quarter, compared to analyst estimates 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, sell-side analysts anticipate that GN Store Nord will post 4.05 EPS for the current year.

Analyst Ratings Changes

Several research firms have recently commented on GNNDY. Jefferies Financial Group cut 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 research note on Thursday, April 30th. Finally, Zacks Research cut GN Store Nord from a “hold” rating to a “strong sell” rating in a research note on Thursday, February 12th. Two research analysts have rated the stock with a Buy rating, two have given a Hold rating and one has given a Sell rating to the company’s stock. Based on data from MarketBeat, the stock currently 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.