Oblong, Inc. (NASDAQ:OBLG) Short Interest Update

Oblong, Inc. (NASDAQ:OBLG) was the recipient of a significant increase in short interest during the month of July. As of July 31st, there was short interest totaling 195,000 shares, anincreaseof27.5% from the July 15th total of 152,900 shares. Based on an average trading volume of 142,600 shares, the short-interest ratio is currently 1.4 days. Approximately12.8% of the company’s stock are sold short. Approximately12.8% of the company’s stock are sold short. Based on an average trading volume of 142,600 shares, the short-interest ratio is currently 1.4 days.

Wall Street Analysts Forecast Growth

Separately, Wall Street Zen raised Oblong from a “sell” rating to a “hold” rating in a research report on Saturday, August 16th.

Oblong Stock Performance

Oblong stock opened at $3.50 on Friday. Oblong has a one year low of $1.91 and a one year high of $6.70.

Oblong (NASDAQ:OBLG) last posted its earnings results on Thursday, August 14th. The company reported ($0.38) earnings per share for the quarter. Oblong had a negative net margin of 135.92% and a negative return on equity of 55.01%. The firm had revenue of $0.59 million during the quarter.

Oblong Company Profile

Oblong Inc, together with its subsidiaries, provides multi-stream collaboration technologies and managed services for video collaboration and network applications in the United States and internationally. The company operates in two segments, Collaboration Products and Managed Services. Its flagship product is Mezzanine that enables visual collaboration across multi-users, multi-screens, multi-devices, and multi-locations for video telepresence, laptop and application sharing, and whiteboard sharing and slides applications.