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

GN Store Nord (OTCMKTS:GNNDY) was the target of a significant increase in short interest in the month of July. As of July 15th, there was short interest totaling 1,359 shares, an increase of 304.5% from the June 30th total of 336 shares. Based on an average daily volume of 1,718 shares, the short-interest ratio is presently 0.8 days. Approximately 0.0% of the company’s shares are sold short.

Wall Street Analyst Weigh In

GNNDY has been the topic of several analyst reports. Zacks Research raised GN Store Nord from a “strong sell” rating to a “hold” rating in a research note on Friday, July 17th. Citigroup restated a “buy” rating on shares of GN Store Nord in a research report on Thursday, April 30th. Two investment analysts have rated the stock with a Buy rating and three have assigned a Hold rating to the stock. Based on data from MarketBeat, the stock presently has a consensus rating of “Hold”.

GN Store Nord Price Performance

Shares of GNNDY stock opened at $42.84 on Tuesday. GN Store Nord has a 12-month low of $39.45 and a 12-month high of $57.22. The firm has a market capitalization of $2.15 billion, a price-to-earnings ratio of -35.40 and a beta of 1.65. The company has a quick ratio of 0.69, a current ratio of 1.01 and a debt-to-equity ratio of 0.79. The firm has a fifty day moving average of $42.36 and a 200-day moving average of $45.44.

GN Store Nord (OTCMKTS:GNNDY) last issued its quarterly earnings data on Thursday, May 7th. The company reported ($1.43) EPS 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 analyst estimates of $614.94 million. GN Store Nord had a positive return on equity of 1.31% and a negative net margin of 2.53%. On average, equities research 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 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.