BlackBerry Sees Significant Increase in Short Interest (BBRY)

Share on StockTwits

Shares of BlackBerry (NASDAQ:BBRY) were the recipient of a significant increase in short interest in April. As of April 15th, there was short interest totalling 102,472,527 shares, an increase of 3.2% from the March 31st total of 99,334,950 shares, Stock Ratings News reports. Based on an average trading volume of 14,416,467 shares, the days-to-cover ratio is presently 7.1 days. Currently, 21.0% of the company’s stock are short sold.

Several analysts have recently commented on the stock. Analysts at Oppenheimer upgraded shares of BlackBerry from an “underperform” rating to a “market perform” rating in a research note on Monday. They now have a $7.00 price target on the stock. They noted that the move was a valuation call. Separately, analysts at Zacks reiterated a “neutral” rating on shares of BlackBerry in a research note on Friday, April 25th. They now have a $7.75 price target on the stock. Finally, analysts at Nomura raised their price target on shares of BlackBerry from $7.00 to $9.00 in a research note on Monday, March 31st. They now have a “hold” rating on the stock. Eleven equities research analysts have rated the stock with a sell rating, eighteen have issued a hold rating, two have issued a buy rating and one has issued a strong buy rating to the company’s stock. The stock currently has a consensus rating of “Hold” and an average price target of $8.40.

Shares of BlackBerry (NASDAQ:BBRY) opened at 7.67 on Wednesday. BlackBerry has a 52-week low of $5.44 and a 52-week high of $16.49. The stock has a 50-day moving average of $8.24 and a 200-day moving average of $8.1. The company’s market cap is $3.980 billion.

BlackBerry (NASDAQ:BBRY) last issued its quarterly earnings data on Friday, March 28th. The company reported ($0.08) earnings per share for the quarter, beating the analysts’ consensus estimate of ($0.57) by $0.49. The company had revenue of $976.00 million for the quarter, compared to the consensus estimate of $1.11 billion. During the same quarter last year, the company posted $0.22 earnings per share. BlackBerry’s revenue was down 63.6% compared to the same quarter last year. On average, analysts predict that BlackBerry will post $-0.97 earnings per share for the current fiscal year.

BlackBerry Limited, formerly Research In Motion Limited is a designer, manufacturer and marketer of wireless solutions for the worldwide mobile communications market.

Receive News & Ratings for BlackBerry Ltd Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for BlackBerry Ltd and related companies with Analyst Ratings Network's FREE daily email newsletter.

Latest News

QLT Rating Reiterated by Zacks
QLT Rating Reiterated by Zacks
Facebook’s “Buy” Rating Reaffirmed at Goldman Sachs
Facebook’s “Buy” Rating Reaffirmed at Goldman Sachs
QEP Midstream Partners Downgraded by Wells Fargo & Co.
QEP Midstream Partners Downgraded by Wells Fargo & Co.
Progressive Waste Solutions  Set to Announce Earnings on Friday
Progressive Waste Solutions Set to Announce Earnings on Friday
The Procter & Gamble Company  to Release Quarterly Earnings on Friday
The Procter & Gamble Company to Release Quarterly Earnings on Friday
Deutsche Bank Trims Yandex NV Target Price to $29.00
Deutsche Bank Trims Yandex NV Target Price to $29.00


Leave a Reply

 
Advertisement
Advertisement
© 2006-2014 Mideast Time.