GN Store Nord (OTCMKTS:GNNDY) Short Interest Down 75.4% in December

GN Store Nord (OTCMKTS:GNNDY) was the target of a large decline in short interest in December. As of December 15th, there was short interest totaling 156 shares, a decline of 75.4% from the November 30th total of 635 shares. Based on an average daily volume of 287 shares, the days-to-cover ratio is presently 0.5 days. Based on an average daily volume of 287 shares, the days-to-cover ratio is presently 0.5 days.

Wall Street Analyst Weigh In

Several equities research analysts have recently issued reports on GNNDY shares. Zacks Research cut GN Store Nord from a “strong-buy” rating to a “hold” rating in a report on Tuesday, October 21st. Citigroup restated a “buy” rating on shares of GN Store Nord in a report on Thursday, October 23rd. Barclays raised GN Store Nord from an “equal weight” rating to an “overweight” rating in a research note on Monday, November 24th. Finally, Royal Bank Of Canada upgraded GN Store Nord to a “hold” rating in a research report on Tuesday, November 18th. Two analysts have rated the stock with a Buy rating and three have assigned a Hold rating to the company. Based on data from MarketBeat.com, GN Store Nord has a consensus rating of “Hold”.

GN Store Nord Stock Up 1.0%

GNNDY traded up $0.47 on Thursday, hitting $48.76. The company had a trading volume of 2 shares, compared to its average volume of 96. The business’s fifty day simple moving average is $49.51 and its 200 day simple moving average is $49.51. The company has a current ratio of 1.14, a quick ratio of 0.82 and a debt-to-equity ratio of 0.81. GN Store Nord has a 12-month low of $36.83 and a 12-month high of $64.33.

GN Store Nord (OTCMKTS:GNNDY) last posted its quarterly earnings data on Thursday, November 6th. The company reported $0.23 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.64 by ($0.41). The company had revenue of $611.77 million during the quarter, compared to the consensus estimate of $622.58 million. GN Store Nord had a net margin of 4.05% and a return on equity of 6.49%. As a group, equities research analysts predict that GN Store Nord will post 4.93 earnings per share for the current fiscal year.

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.