Belden Inc (BDC) : Traders are increasing their bearish positions on the stock, as is visible by the 6.8% jump in the outstanding short positions; a total addition of 247,147 shares on the sell side. On Jul 29, 2016, the total short positions were 3,651,996 shares, which went up to 3,899,143 shares by the close of trading on August 15, 2016. It will take 14 days for the bears to roll over or cover. An average of 286,356 shares exchange hands daily. 9.4% of the float of the stock has been sold short by the bears. The short interest information was released on Wednesday Aug 24th after the market close.
Belden Inc (NYSE:BDC): The stock opened at $73.96 on Wednesday but the bulls could not build on the opening and the stock topped out at $74.61 for the day. The stock traded down to $71.84 during the day, due to lack of any buying support eventually closed down at $71.93 with a loss of -3.03% for the day. The stock had closed at $74.18 on the previous day. The total traded volume was 505,998 shares.
In a related news, According to the information disclosed by the Securities and Exchange Commission in a Form 4 filing, the officer (SVP, Bus. Dev. & Strategy) of Belden Inc., Rosenberg Ross had sold 2,274 shares worth of $168,276 in a transaction dated July 20, 2016. In this transaction, 2,274 shares were sold at $74 per share.
Belden Inc. is a signal transmission solutions provider. The Companys portfolio of signal transmission solutions provides industry secure and reliable transmission of data, sound, and video for mission critical applications. The Company operates in four segments: Broadcast Solutions, which provides production, distribution, and connectivity systems for television broadcast, cable, satellite and IPTV industries; Enterprise Connectivity Solutions, which provides network infrastructure solutions for enterprise customers; Industrial Connectivity Solutions, which provides infrastructure components and connectivity systems for a range of industrial automation applications and Industrial IT Solutions, which provides mission-critical networking systems. Its brands include Belden, Alpha Wire, Mohawk, West Penn Wire, Hirschmann, SignalTight, GarrettCom, Poliron, Tofino, PPC, Grass Valley, ProSoft Technology and Tripwire. It sells products to distributors, end-users, installers and OEMs.