Shorts On Watch: Blackberry Limited (NASDAQ:BBRY) Stock Is Shorted Less

November 25, 2016 - By Ruchi Gupta   ·   0 Comments

Shorts On Watch: Blackberry Limited (NASDAQ:BBRY) Stock Is Shorted Less

The stock of Blackberry Limited (NASDAQ:BBRY) registered a decrease of 0.74% in short interest. BBRY’s total short interest was 61.76 million shares in November as published by FINRA. Its down 0.74% from 62.22 million shares, reported previously. With 2.49 million shares average volume, it will take short sellers 25 days to cover their BBRY’s short positions. The short interest to Blackberry Limited’s float is 11.83%. About 1.03 million shares traded hands. BlackBerry Ltd (NASDAQ:BBRY) has risen 2.89% since April 22, 2016 and is uptrending. It has underperformed by 2.52% the S&P500.

BlackBerry Limited provides mobile communications solutions. The company has a market cap of $3.87 billion. The Firm is engaged in the sale of smartphones and enterprise software and services. It currently has negative earnings. The Company’s services and products include Enterprise Solutions and Services, Devices, BlackBerry Technology Solutions and Messaging.

BlackBerry Ltd (NASDAQ:BBRY) Ratings Coverage

Out of 19 analysts covering Blackberry (NASDAQ:BBRY), 2 rate it a “Buy”, 4 “Sell”, while 13 “Hold”. This means 11% are positive. Blackberry has been the topic of 37 analyst reports since July 28, 2015 according to StockzIntelligence Inc. As per Thursday, April 7, the company rating was maintained by Citigroup. The rating was maintained by Credit Suisse on Thursday, September 29 with “Underperform”. The firm has “Outperform” rating given on Friday, August 12 by Raymond James. The rating was upgraded by Macquarie Research to “Neutral” on Thursday, September 29. The rating was maintained by RBC Capital Markets with “Sector Perform” on Monday, September 28. The stock of BlackBerry Ltd (NASDAQ:BBRY) earned “In-Line” rating by Imperial Capital on Tuesday, December 22. Morgan Stanley maintained the shares of BBRY in a report on Tuesday, September 22 with “Hold” rating. The firm has “Neutral” rating by JP Morgan given on Monday, December 21. The company was maintained on Monday, September 21 by Canaccord Genuity. The rating was upgraded by Morgan Stanley on Tuesday, July 28 to “Equal Weight”.

BBRY Company Profile

BlackBerry Limited (BlackBerry), incorporated on July 3, 1984, provides mobile communications solutions. The Firm is engaged in the sale of smartphones and enterprise software and services. The Company’s services and products include Enterprise Solutions and Services, Devices, BlackBerry Technology Solutions and Messaging. The Company’s subsidiaries include BlackBerry Corporation, BlackBerry UK Limited, BlackBerry Singapore Pte. Limited, Good Technology Corporation and QNX Software Systems Limited (QNX).

More notable recent BlackBerry Ltd (NASDAQ:BBRY) news were published by: Learnbonds.com which released: “BlackBerry Ltd (BBRY) Ditches Phones to Tackle Medical Tech Security” on November 25, 2016, also Fool.ca with their article: “3 Reasons Why BlackBerry Ltd. Is on the Verge of a Major Turnaround” published on November 23, 2016, Seekingalpha.com published: “BlackBerry Plans To Shake Up Medtech Cybersecurity” on November 23, 2016. More interesting news about BlackBerry Ltd (NASDAQ:BBRY) were released by: Fool.com and their article: “BlackBerry Ltd. Finally Stops Making Smartphones” published on October 03, 2016 as well as Usnews.com‘s news article titled: “BlackBerry Ltd Quitting Smartphone Production (BBRY)” with publication date: September 28, 2016.

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By Ruchi Gupta


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