GN Store Nord (OTCMKTS:GNNDY) Shares Shorted: Short Interest Up 948.9% in September

GN Store Nord (OTCMKTS:GNNDY) saw a large increase in short interest during the month of 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. Approximately 0.0% of the shares of the stock are sold short. Based on an average trading volume of 1,599 shares, the short-interest ratio is presently 0.3 days.

GN Store Nord Price Performance

OTCMKTS:GNNDY opened at $47.25 on Friday. The firm has a market capitalization of $2.38 billion, a price-to-earnings ratio of -26.25 and a beta of 1.65. The company has a debt-to-equity ratio of 0.78, a current ratio of 0.94 and a quick ratio of 0.64. The business has a 50 day simple moving average of $45.99 and a 200-day simple moving average of $44.70. GN Store Nord has a 1 year low of $39.45 and a 1 year high of $55.78.

GN Store Nord (OTCMKTS:GNNDY) 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). The company had revenue of $337.72 million for the quarter, compared to the consensus estimate of $334.16 million. GN Store Nord had a negative net margin of 4.32% and a negative return on equity of 2.44%. Equities analysts forecast that GN Store Nord will post 0.79 EPS for the current year.

Analyst Ratings Changes

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 research analysts have rated the stock with a Buy rating and three have assigned a Hold rating to the company. According to data from MarketBeat, the stock currently has an average rating of “Hold”.

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.