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

GN Store Nord (OTCMKTS:GNNDY) saw a large decrease in short interest in the month of August. As of August 14th, there was short interest totaling 145 shares, a decrease of 47.7% from the July 30th total of 277 shares. Approximately 0.0% of the shares of the stock are sold short. Based on an average daily volume of 795 shares, the days-to-cover ratio is presently 0.2 days.

GN Store Nord Price Performance

OTCMKTS:GNNDY traded up $0.03 during trading hours on Monday, reaching $44.70. 400 shares of the company were exchanged, compared to its average volume of 543. 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 firm has a market cap of $2.25 billion, a PE ratio of -24.83 and a beta of 1.64. GN Store Nord has a twelve month low of $39.45 and a twelve month high of $56.15. The stock’s 50-day moving average is $43.13 and its 200-day moving average is $44.27.

GN Store Nord (OTCMKTS:GNNDY) last announced its earnings results on Wednesday, August 19th. The company reported ($0.69) earnings per share (EPS) for the quarter, missing the consensus estimate of ($0.28) by ($0.41). The company had revenue of $337.72 million during 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%. On average, sell-side analysts anticipate that GN Store Nord will post 0.79 earnings per share for the current fiscal year.

Wall Street Analyst Weigh In

Separately, Zacks Research raised GN Store Nord from a “strong sell” rating to a “hold” rating in a report on Friday, July 17th. Two research analysts have rated the stock with a Buy rating and three have assigned a Hold rating to the company’s stock. Based on data from MarketBeat, the company presently has a consensus rating of “Hold”.

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.