GN Store Nord A/S (OTCMKTS: GNNDY) sees a significant drop in short-term interest

GN Store Nord A/S (OTCMKTS: GNNDY – Get Rating) was the target of a sharp drop in short-term interest in February. As of February 15, there was short interest totaling 1,400 shares, a decrease of 39.1% from the total of 2,300 shares as of January 31. Based on an average daily trading volume of 4,300 shares, the days-to-cover ratio is currently 0.3 days.

Shares of GN Store Nord A/S opened at $150.75 on Friday. The company has a debt ratio of 0.93, a quick ratio of 1.08 and a current ratio of 1.46. The company has a market capitalization of $6.94 billion, a P/E ratio of 19.99 and a beta of 0.57. The company’s fifty-day moving average is $173.85 and its two-hundred-day moving average is $190.75. GN Store Nord A/S has a 52 week low of $143.69 and a 52 week high of $286.11.

Several analysts have recently commented on GNNDY shares. Redburn Partners downgraded GN Store Nord A/S from a “buy” rating to a “neutral” rating in a Friday, November 26 research note. Goldman Sachs Group upgraded GN Store Nord A/S from a “neutral” rating to a “buy” rating in a Thursday, January 20 research note. In a Wednesday, January 12 research note, Zacks Investment Research downgraded GN Store Nord A/S from a “hold” rating to a “strong sell” rating. Morgan Stanley downgraded GN Store Nord A/S from an “overweight” rating to an “equal weight” rating in a Thursday, November 11 research note. Finally, JPMorgan Chase & Co. upgraded GN Store Nord A/S from a “neutral” rating to an “overweight” rating in a Friday, February 11 research note. One analyst rated the security with a sell rating, three assigned a hold rating and two assigned a buy rating. Based on data from MarketBeat, the company has an average rating of “Hold” and a consensus target price of $391.50.

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About GN Store Nord A/S (Get a rating)

GN Store Nord A/S is active in the telecommunications and hearing aid sector. It operates through GN Hearing, GN Audio and Other GN segments. The company was founded by Carl Frederik Tietgen on June 1, 1869 and is headquartered in Ballerup, Denmark.

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