GN Store Nord (OTCMKTS:GNNDY) Shares Shorted: Short Interest Down 55.7% in September

Key Points

• Short interest fell 55.7% in September to 47 shares, representing approximately 0.0% of GN Store Nord’s shares outstanding and a days-to-cover ratio of 0.5.
• GNNDY shares rose 3.4% to $49.15 during mid-day trading, giving the company a market capitalization of approximately $2.47 billion. The stock remains below its 12-month high of $56.00.
• The company reported a quarterly loss of $0.69 per share, missing estimates by $0.41, despite revenue slightly exceeding expectations. Analysts maintain a consensus “Hold” rating, while Zacks upgraded the stock from “Strong Sell” to “Hold.”

GN Store Nord (OTCMKTS:GNNDY - Get Free Report) was the recipient of a large drop in short interest during the month of September. As of September 15th, there was short interest totaling 47 shares, a drop 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 trading volume of 101 shares, the days-to-cover ratio is currently 0.5 days.

GN Store Nord Trading Up 3.4%

GNNDY stock traded up $1.63 during mid-day trading on Monday, reaching $49.15. The company had a trading volume of 400 shares, compared to its average volume of 532. The company has a market capitalization of $2.47 billion, a PE ratio of -27.31 and a beta of 1.66. The firm has a 50 day moving average of $44.91 and a 200 day moving average 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 current ratio of 0.94 and a quick ratio of 0.64.

GN Store Nord (OTCMKTS:GNNDY - Get Free Report) last announced its quarterly earnings data on Wednesday, August 19th. The company reported ($0.69) earnings per share (EPS) 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 firm had revenue of $337.72 million during the quarter, compared to the consensus estimate of $334.16 million. On average, equities analysts predict that GN Store Nord will post 0.79 earnings per share for the current fiscal year.

Analyst Ratings Changes

Separately, Zacks Research upgraded shares of GN Store Nord from a "strong sell" rating to a "hold" rating in a report on Friday, July 17th. Two investment analysts have rated the stock with a Buy rating and three have issued a Hold rating to the company. Based on data from MarketBeat, GN Store Nord currently has a consensus rating of "Hold".

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.

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