Short Interest in GN Store Nord (OTCMKTS:GNNDY) Increases By 200.0%

Key Points

• Short interest in GN Store Nord increased significantly by 200.0%, reaching a total of 600 shares as of July 15th, from 200 shares on June 30th.
• The company's stock price remained flat at $48.40, with a market capitalization of $2.43 billion and a price-to-earnings ratio of 20.17.
• Kepler Capital Markets dropped its rating for GN Store Nord from "strong-buy" to "hold," indicating a negative shift in investor sentiment.

GN Store Nord (OTCMKTS:GNNDY - Get Free Report) was the target of a significant increase in short interest in July. As of July 15th, there was short interest totalling 600 shares, an increase of 200.0% from the June 30th total of 200 shares. Based on an average trading volume of 600 shares, the days-to-cover ratio is currently 1.0 days. Currently, 0.0% of the company's stock are short sold.

GN Store Nord Price Performance

Shares of OTCMKTS:GNNDY remained flat at $48.40 during midday trading on Tuesday. The company has a market cap of $2.43 billion, a price-to-earnings ratio of 20.17 and a beta of 1.76. The stock has a 50 day moving average price of $45.45 and a 200 day moving average price of $48.48. The company has a debt-to-equity ratio of 0.81, a current ratio of 1.13 and a quick ratio of 0.80. GN Store Nord has a 1 year low of $36.83 and a 1 year high of $83.66.

GN Store Nord (OTCMKTS:GNNDY - Get Free Report) last released its earnings results on Wednesday, April 30th. The company reported $0.21 earnings per share for the quarter. GN Store Nord had a net margin of 4.71% and a return on equity of 7.91%. The firm had revenue of $562.08 million for the quarter. On average, equities analysts expect that GN Store Nord will post 4.93 earnings per share for the current year.

Analysts Set New Price Targets

Separately, Kepler Capital Markets downgraded shares of GN Store Nord from a "strong-buy" rating to a "hold" rating in a research note on Monday, April 28th.

GN Store Nord Company Profile

GN Store Nord A/S provides hearing, audio, video, and gaming solutions in Denmark, rest of Europe, North America, and internationally. The company operates through GN Hearing and GN Audio segments. The GN Hearing segment produces and sells hearing instruments and products. The GN Audio segment supplies headsets, video cameras, and speakerphones for professional use and consumer products.

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