Blonder Tongue Laboratories Inc (NYSEAMERICAN:BDR) Sellers Covered 14.91% of Their Shorts

May 17, 2018 - By Ned Sandoval

Blonder Tongue Laboratories, Inc. (NYSEAMERICAN:BDR) Logo

The stock of Blonder Tongue Laboratories Inc (NYSEAMERICAN:BDR) registered a decrease of 14.91% in short interest. BDR’s total short interest was 50,800 shares in May as published by FINRA. Its down 14.91% from 59,700 shares, reported previously. With 222,300 shares average volume, it will take short sellers 0 days to cover their BDR’s short positions. The short interest to Blonder Tongue Laboratories Inc’s float is 1.14%.

The stock increased 3.37% or $0.03 during the last trading session, reaching $0.92. About 39,423 shares traded. Blonder Tongue Laboratories, Inc. (NYSEAMERICAN:BDR) has risen 14.15% since May 17, 2017 and is uptrending. It has outperformed by 2.60% the S&P500.

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. The company has market cap of $8.70 million. 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 transcoders, digital QAM multiplexers; ATSC/QAM-IP transcoders; and EdgeQAM devices. It currently has negative earnings. The firm provides its digital video headend products for use by system operators for acquisition, processing, compression, encoding, and management of digital videos.

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