GN Store Nord (OTCMKTS:GNNDY) Short Interest Up 86.7% in April

GN Store Nord (OTCMKTS:GNNDY) was the target of a significant increase in short interest in 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 short-interest ratio is presently 1.6 days. Approximately 0.0% of the company’s shares are sold short.

Analysts Set New Price Targets

A number of equities research analysts recently commented on the company. Jefferies Financial Group cut GN Store Nord from a “strong-buy” rating to a “hold” rating in a research note on Wednesday, March 18th. Citigroup reiterated a “buy” rating on shares of GN Store Nord in a report on Thursday, April 30th. Finally, Zacks Research lowered GN Store Nord from a “hold” rating to a “strong sell” rating in a report on Thursday, February 12th. Two analysts have rated the stock with a Buy rating, two have issued a Hold rating and one has assigned a Sell rating to the company. According to MarketBeat, GN Store Nord has an average rating of “Hold”.

GN Store Nord Trading Down 2.2%

GNNDY stock traded down $0.98 during midday trading on Friday, hitting $43.44. 56 shares of the company’s stock were exchanged, compared to its average volume of 237. The stock’s fifty day moving average price is $45.48 and its 200-day moving average price is $47.86. The company has a debt-to-equity ratio of 0.79, a quick ratio of 0.86 and a current ratio of 1.18. The company has a market cap of $2.19 billion, a PE ratio of -35.90 and a beta of 1.66. GN Store Nord has a one year low of $39.78 and a one year high of $57.22.

GN Store Nord (OTCMKTS:GNNDY) last posted its earnings results 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). The business had revenue of $606.94 million for the quarter, compared to the consensus estimate of $614.94 million. GN Store Nord had a positive return on equity of 1.30% and a negative net margin of 2.53%. Research analysts predict that GN Store Nord will post 4.05 earnings per share for the current fiscal year.

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.