Short Interest in GN Store Nord (OTCMKTS:GNNDY) Decreases By 47.7%

GN Store Nord (OTCMKTS:GNNDY) was the target of a large drop in short interest in the month of August. As of August 14th, there was short interest totaling 145 shares, a drop of 47.7% from the July 30th total of 277 shares. Currently, 0.0% of the company’s shares are sold short. Based on an average trading volume of 795 shares, the short-interest ratio is currently 0.2 days.

Analyst Ratings Changes

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 investment analysts have rated the stock with a Buy rating and three have issued a Hold rating to the stock. According to MarketBeat, GN Store Nord has an average rating of “Hold”.

GN Store Nord Trading Down 0.6%

OTCMKTS:GNNDY traded down $0.27 on Friday, reaching $44.67. The company’s stock had a trading volume of 1 shares, compared to its average volume of 358. GN Store Nord has a 1-year low of $39.45 and a 1-year high of $56.15. The business’s 50-day moving average price is $43.13 and its two-hundred day moving average price is $44.29. The firm has a market cap of $2.25 billion, a PE ratio of -24.82 and a beta of 1.64. The company has a debt-to-equity ratio of 0.79, a quick ratio of 0.69 and a current ratio of 1.01.

GN Store Nord (OTCMKTS:GNNDY) last released its quarterly earnings data on Wednesday, August 19th. The company reported ($0.69) earnings per share for the quarter, missing the consensus estimate of ($0.28) by ($0.41). GN Store Nord had a negative net margin of 4.32% and a negative return on equity of 2.42%. The business had revenue of $337.72 million for the quarter, compared to the consensus estimate of $334.16 million. Equities research analysts anticipate that GN Store Nord will post 0.79 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.