GN Store Nord (OTCMKTS:GNNDY) Stock Short Interest Drops 55.7%

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

Analyst Ratings Changes

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

GN Store Nord Price Performance

GNNDY stock traded up $0.62 on Tuesday, reaching $49.73. 1,300 shares of the company’s stock were exchanged, compared to its average volume of 531. The stock has a fifty day moving average of $45.04 and a 200-day moving average of $44.42. The firm has a market cap of $2.50 billion, a PE ratio of -27.63 and a beta of 1.66. The company has a quick ratio of 0.64, a current ratio of 0.94 and a debt-to-equity ratio of 0.78. GN Store Nord has a twelve month low of $39.45 and a twelve month high of $56.00.

GN Store Nord (OTCMKTS:GNNDY) last announced its quarterly earnings data on Wednesday, August 19th. The company reported ($0.69) 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 2.44%. As a group, equities analysts predict that GN Store Nord will post 0.79 EPS for the current fiscal year.

GN Store Nord Company Profile

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.