GN Store Nord (OTCMKTS:GNNDY) Short Interest Update

Key Points

• Short interest fell 47.7% to 145 shares as of August 14, down from 277 shares on July 30; short interest represented 0.0% of shares outstanding, with a 0.2-day short-interest ratio.
• Analyst sentiment remains neutral: Zacks Research upgraded GN Store Nord from “strong sell” to “hold,” while the broader consensus is also “Hold” based on two Buy and three Hold ratings.
• The company reported a quarterly loss of $0.69 per share, missing the $0.28-per-share consensus estimate, although revenue of $337.72 million exceeded expectations of $334.16 million. Shares recently traded at $44.67, down 0.6%.

GN Store Nord (OTCMKTS:GNNDY - Get Free Report) was the target of a significant drop in short interest during 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 presently 0.2 days.

Analysts Set New Price Targets

Separately, Zacks Research raised 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 assigned a Hold rating to the stock. Based on data from MarketBeat.com, the company has a consensus rating of "Hold".

GN Store Nord Trading Down 0.6%

OTCMKTS GNNDY traded down $0.27 during trading hours on Friday, hitting $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 twelve month low of $39.45 and a twelve month high of $56.15. The firm has a market capitalization of $2.25 billion, a P/E ratio of -24.82 and a beta of 1.64. The company has a quick ratio of 0.69, a current ratio of 1.01 and a debt-to-equity ratio of 0.79. The stock has a fifty day moving average of $43.13 and a 200 day moving average of $44.29.

GN Store Nord (OTCMKTS:GNNDY - Get Free Report) last released its earnings results on Wednesday, August 19th. The company reported ($0.69) EPS for the quarter, missing analysts' consensus estimates of ($0.28) by ($0.41). The business had revenue of $337.72 million for the quarter, compared to analyst estimates of $334.16 million. GN Store Nord had a negative return on equity of 2.42% and a negative net margin of 4.32%. Equities research analysts forecast 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.

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