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

GN Store Nord (OTCMKTS:GNNDY) was the target of a significant drop in short interest in August. As of August 14th, there was short interest totaling 145 shares, a drop of 47.7% from the July 30th total of 277 shares. Based on an average trading volume of 795 shares, the short-interest ratio is presently 0.2 days. Currently, 0.0% of the company’s stock are short sold.

GN Store Nord Stock Up 0.3%

GNNDY opened at $44.80 on Tuesday. The business has a 50 day moving average of $43.21 and a 200-day moving average of $44.25. GN Store Nord has a 1-year low of $39.45 and a 1-year high of $56.15. 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 stock has a market capitalization of $2.25 billion, a price-to-earnings ratio of -24.89 and a beta of 1.64.

GN Store Nord (OTCMKTS:GNNDY) last announced its quarterly earnings data on Wednesday, August 19th. The company reported ($0.69) EPS for the quarter, missing analysts’ consensus estimates of ($0.28) by ($0.41). The company had revenue of $337.72 million for the quarter, compared to analyst estimates of $334.16 million. GN Store Nord had a negative net margin of 4.32% and a negative return on equity of 2.42%. As a group, sell-side analysts anticipate that GN Store Nord will post 0.79 earnings per share for the current year.

Wall Street Analyst Weigh In

Separately, Zacks Research raised shares of GN Store Nord from a “strong sell” rating to a “hold” rating in a research report on Friday, July 17th. Two investment analysts have rated the stock with a Buy rating and three have assigned a Hold rating to the company. According to MarketBeat, GN Store Nord currently 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.