GN Store Nord (OTCMKTS:GNNDY) Stock Short Interest Report for October

GN Store Nord (OTCMKTS:GNNDY) saw a large decline in short interest in 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. Based on an average daily volume of 2,296 shares, the short-interest ratio is presently 0.0 days. Currently, 0.0% of the shares of the stock are sold short.

GN Store Nord Stock Performance

OTCMKTS GNNDY opened at $50.23 on Tuesday. The firm has a market cap of $2.53 billion, a price-to-earnings ratio of -27.90 and a beta of 1.65. The company has a 50 day moving average of $46.54 and a 200-day moving average of $45.72. The company has a current ratio of 0.94, a quick ratio of 0.64 and a debt-to-equity ratio of 0.78. GN Store Nord has a 1-year low of $39.45 and a 1-year high of $55.78.

GN Store Nord (OTCMKTS:GNNDY) last posted its earnings results on Wednesday, August 19th. The company reported ($0.69) earnings per share (EPS) 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 the consensus estimate of $334.16 million. GN Store Nord had a negative net margin of 4.32% and a negative return on equity of 2.44%. On average, equities analysts forecast that GN Store Nord will post 0.79 earnings per share for the current fiscal year.

Analyst Ratings Changes

Separately, 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 analysts have rated the stock with a Buy rating and three have given a Hold rating to the company’s stock. Based on data from MarketBeat, the stock presently has an average rating of “Hold”.

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.