GN Store Nord (OTCMKTS:GNNDY) Stock Short Interest Report for October

Key Points

• Short interest plunged 79.3% to 102 shares as of October 15, representing approximately 0.0% of GN Store Nord’s shares and a 0.0-day days-to-cover ratio.
• Analyst sentiment remains cautious: Zacks upgraded the stock from “strong sell” to “hold,” while the broader analyst consensus is also “Hold”, with two Buy ratings and three Hold ratings.
• GN Store Nord reported quarterly revenue of $337.72 million, exceeding estimates, but its adjusted loss of $0.69 per share missed the $0.28 loss consensus by $0.41.

GN Store Nord (OTCMKTS:GNNDY - Get Free Report) was the recipient of a large decline in short interest in the month of October. As of October 15th, there was short interest totaling 102 shares, a decline of 79.3% from the September 30th total of 493 shares. Approximately 0.0% of the shares of the company are short sold. Based on an average daily trading volume, of 2,296 shares, the days-to-cover ratio is currently 0.0 days.

Analyst Upgrades and Downgrades

Separately, Zacks Research upgraded shares of GN Store Nord from a "strong sell" rating to a "hold" rating in a research note 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. According to MarketBeat.com, GN Store Nord presently has an average rating of "Hold".

GN Store Nord Stock Up 0.1%

OTCMKTS GNNDY opened at $50.23 on Tuesday. The company has a current ratio of 0.94, a quick ratio of 0.64 and a debt-to-equity ratio of 0.78. The stock's 50 day moving average is $46.54 and its two-hundred day moving average is $45.72. The company has a market capitalization of $2.53 billion, a price-to-earnings ratio of -27.90 and a beta of 1.65. GN Store Nord has a 1-year low of $39.45 and a 1-year high of $55.78.

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

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 into a global provider of hearing, audio and communications technologies.

Through its GN Hearing business, the company develops and sells hearing aids, accessories and related solutions under brands including ReSound, Beltone and Interton. Its products are designed to support people with hearing loss and are distributed through hearing-care professionals and retail channels in markets around the world.

GN's GN Audio business provides professional headsets, speakerphones, video-conferencing equipment and related communications software under the Jabra brand.

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