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

GN Store Nord (OTCMKTS:GNNDY) was the recipient of a large decrease in short interest in the month of September. As of September 15th, there was short interest totaling 47 shares, a decrease of 55.7% from the August 31st total of 106 shares. Based on an average daily volume of 101 shares, the short-interest ratio is presently 0.5 days. Currently, 0.0% of the company’s stock are sold short.

Analyst Upgrades and Downgrades

Separately, Zacks Research raised shares of GN Store Nord from a “strong sell” rating to a “hold” rating in a research note on Friday, July 17th. Two equities research analysts have rated the stock with a Buy rating and three have issued a Hold rating to the stock. Based on data from MarketBeat, GN Store Nord presently has an average rating of “Hold”.

GN Store Nord Stock Up 3.4%

GNNDY traded up $1.63 on Monday, hitting $49.15. The company had a trading volume of 400 shares, compared to its average volume of 532. The stock has a fifty day moving average price of $44.91 and a 200-day moving average price of $44.37. GN Store Nord has a 12-month low of $39.45 and a 12-month high of $56.00. The company has a debt-to-equity ratio of 0.78, a quick ratio of 0.64 and a current ratio of 0.94. The stock has a market capitalization of $2.47 billion, a price-to-earnings ratio of -27.31 and a beta of 1.66.

GN Store Nord (OTCMKTS:GNNDY) last released its quarterly earnings results on Wednesday, August 19th. The company reported ($0.69) EPS for the quarter, missing the consensus estimate of ($0.28) by ($0.41). The firm had revenue of $337.72 million for the quarter, compared to analysts’ expectations of $334.16 million. GN Store Nord had a negative net margin of 4.32% and a negative return on equity of 2.44%. Analysts predict that GN Store Nord will post 0.79 EPS for the current fiscal year.

About GN Store Nord

GN Store Nord A/S is a Danish technology company headquartered in Ballerup, Denmark. Founded in 1869 as the Great Northern Telegraph Company, it has evolved from a communications and telegraph operator into a global provider of hearing, audio and communications technologies.

Through GN Hearing, the company develops and markets hearing aids, diagnostic equipment and related digital solutions. Its hearing brands include ReSound, Beltone and Interton, with products designed for consumers, hearing-care professionals and audiology providers.

Through GN Audio, the company offers wireless headsets, earbuds, speakerphones and other collaboration and communications equipment under brands such as Jabra.