Page 6 - Blend Platform News Today

Blend Labs, Inc. (NYSE:BLND – Get Rating) saw a significant growth in short interest in the month of March. As of March 15th, there was short interest totalling 9,230,000 shares, a growth of 18.0% from the February 28th total of 7,820,000 shares. Based on an average trading volume of 1,920,000 shares, the short-interest ratio is […]

Blend Labs, Inc. (NYSE:BLND – Get Rating) insider Nima Ghamsari sold 169,242 shares of the firm’s stock in a transaction that occurred on Wednesday, March 29th. The shares were sold at an average price of $0.94, for a total value of $159,087.48. The sale was disclosed in a document filed with the Securities & Exchange […]

Blend Labs is focused on cutting costs and courting more users to its Blend Builder platform after posting a $768.6 million net loss in 2022. 

10.01.2023 - Blend (NYSE: BLND) announced today a series of specific initiatives that support its previously communicated plan to accelerate its path to profitability. Blend will be hosting a conference call for the investment community this afternoon at 4:30 ... Seite 1

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It has shed 25% of its workforce to stem losses

Blend Labs, Inc. (NYSE:BLND – Get Rating) was the recipient of a large decrease in short interest in July. As of July 31st, there was short interest totalling 14,080,000 shares, a decrease of 6.9% from the July 15th total of 15,120,000 shares. Based on an average daily volume of 2,360,000 shares, the days-to-cover ratio is […]

It has shed 25% of its workforce to stem losses

Blend Labs Inc. says it has cut 25% of its workforce since April as it struggles to improve its financial position following a $478 million loss in the second quarter.