GN Store Nord (OTCMKTS:GNNDY) Short Interest Update

GN Store Nord (OTCMKTS:GNNDY) was the target of a large increase in short interest during the month of December. As of December 31st, there was short interest totaling 100 shares, an increase of 28.2% from the December 15th total of 78 shares. Based on an average daily trading volume, of 136 shares, the days-to-cover ratio is currently 0.7 days. Based on an average daily trading volume, of 136 shares, the days-to-cover ratio is currently 0.7 days.

Wall Street Analyst Weigh In

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

GN Store Nord Stock Performance

OTCMKTS:GNNDY opened at $54.84 on Friday. The firm’s 50-day moving average is $49.33 and its 200-day moving average is $50.27. The company has a debt-to-equity ratio of 0.81, a quick ratio of 0.82 and a current ratio of 1.14. GN Store Nord has a 52-week low of $36.83 and a 52-week high of $64.33.

GN Store Nord (OTCMKTS:GNNDY) last released its earnings results on Thursday, November 6th. The company reported $0.23 earnings per share for the quarter, missing analysts’ consensus estimates of $0.64 by ($0.41). The firm had revenue of $611.77 million for the quarter, compared to analyst estimates of $622.58 million. GN Store Nord had a return on equity of 6.49% and a net margin of 4.05%. As a group, analysts forecast that GN Store Nord will post 4.93 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.