Blonder Tongue Labs, Inc. (BDR) Sees Large Drop in Short Interest

Blonder Tongue Labs, Inc. (NYSEAMERICAN:BDR) saw a large drop in short interest in August. As of August 31st, there was short interest totalling 214,844 shares, a drop of 19.1% from the August 15th total of 265,453 shares. Based on an average trading volume of 125,453 shares, the days-to-cover ratio is currently 1.7 days. Approximately 5.7% of the company’s stock are short sold.

Shares of BDR traded down $0.09 during mid-day trading on Friday, hitting $1.23. 50,779 shares of the company’s stock were exchanged, compared to its average volume of 210,966. Blonder Tongue Labs has a 52 week low of $0.38 and a 52 week high of $2.20.

Blonder Tongue Labs (NYSEAMERICAN:BDR) last released its earnings results on Tuesday, August 14th. The technology company reported ($0.04) earnings per share for the quarter. Blonder Tongue Labs had a negative net margin of 2.74% and a negative return on equity of 9.31%. The firm had revenue of $5.23 million during the quarter.

Blonder Tongue Labs Company Profile

Blonder Tongue Laboratories, Inc, a technology-development and manufacturing company, provides television signal encoding, transcoding, digital transport, and broadband product solutions in the United States. It offers digital video headend products comprising high definition and SD, MPEG-2, and MPEG-4/H.264 encoders, as well as quadrature phase shift key to quadrature amplitude modulation (QAM) transcoders; digital QAM multiplexers; ATSC/QAM-IP transcoders; and EdgeQAM devices.

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