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

Key Points

• Short interest surged 948.9% to 493 shares as of September 30, up from 47 shares two weeks earlier, though short positions represented approximately 0.0% of outstanding stock.
• Analyst sentiment remains neutral: Zacks upgraded the stock from “strong sell” to “hold,” while the broader analyst consensus is also “Hold” based on two Buy and three Hold ratings.
• GN Store Nord’s shares were flat at $47.25, within a 12-month range of $39.45 to $55.78. Its latest quarterly loss of $0.69 per share missed estimates, despite revenue of $337.72 million exceeding expectations.

GN Store Nord (OTCMKTS:GNNDY - Get Free Report) was the recipient of a large increase in short interest in September. As of September 30th, there was short interest totaling 493 shares, an increase of 948.9% from the September 15th total of 47 shares. Based on an average daily volume of 1,599 shares, the short-interest ratio is presently 0.3 days. Approximately 0.0% of the company's stock are short sold.

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 given a Hold rating to the company's stock. Based on data from MarketBeat.com, GN Store Nord currently has a consensus rating of "Hold".

GN Store Nord Stock Performance

OTCMKTS GNNDY remained flat at $47.25 during trading hours on Friday. 2,316 shares of the company's stock were exchanged, compared to its average volume of 928. The stock has a market capitalization of $2.38 billion, a PE ratio of -26.25 and a beta of 1.65. 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 12-month low of $39.45 and a 12-month high of $55.78. The stock has a 50 day simple moving average of $45.99 and a 200 day simple moving average of $44.70.

GN Store Nord (OTCMKTS:GNNDY - Get Free Report) last released its earnings results 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 return on equity of 2.44% and a negative net margin of 4.32%. The company had revenue of $337.72 million during the quarter, compared to the consensus estimate of $334.16 million. On average, equities research analysts anticipate that GN Store Nord will post 0.79 earnings per share for the current year.

About GN Store Nord

GN Store Nord A/S is a Denmark-based technology company that develops solutions for hearing, audio and communications. The group is headquartered in Ballerup, Denmark, and serves consumers, businesses and hearing-care professionals in markets worldwide.

Through GN Hearing, the company designs and supplies hearing aids, wireless accessories, audiology products and related support services. Its hearing solutions are marketed under brands including ReSound, Beltone and Interton, and are distributed through hearing-care providers, retail channels and other professional networks.

GN Audio develops professional and consumer audio products, including headsets, earbuds, speakerphones and video-conferencing equipment.

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