BlackBerry Limited (NASDAQ:BBRY) has seen a shortfall of 4,413,881 shares or 7.4% in the short interest. The remaining shorts are 10.6% of the total floated shares. The net short interest, as on June 15,2016, stood at 55,166,858 shares and the stocks days to cover will be 18 by factoring in the average per day volume of 3,105,601 shares. On May 31,2016, 59,580,739 shares were shorted. The information was released by Financial Industry Regulatory Authority, Inc (FINRA) on June 24th after market close.
BlackBerry Limited (NASDAQ:BBRY): The stock opened at $6.65 on Friday but the bulls could not build on the opening and the stock topped out at $6.82 for the day. The stock traded down to $6.62 during the day, due to lack of any buying support eventually closed down at $6.67 with a loss of -4.71% for the day. The stock had closed at $7.00 on the previous day. The total traded volume was 6,313,524 shares.
The company shares have dropped -19.54% from its 1 Year high price. On Dec 28, 2015, the shares registered one year high at $9.46 and the one year low was seen on Sep 29, 2015. The 50-Day Moving Average price is $6.96 and the 200 Day Moving Average price is recorded at $7.41.
BlackBerry Limited (NASDAQ:BBRY) has tumbled 4.85% during the past week and has dropped 7.75% in the last 4 week period. The stocks are negative as compared to the S&P 500 for the past week with a loss of 3.27%. BlackBerry Limited (NASDAQ:BBRY) has underperformed the index by 4.95% in the last 4 weeks. Investors should watch out for further signals and trade with caution.
BlackBerry Limited (BlackBerry) is a provider of mobile communications and services. The Company is engaged primarily in the provision of the BlackBerry wireless solution, consisting of smartphones, service and software. The Companys four areas of business are Devices business, Enterprise Services, BlackBerry Technology Solutions (BTS) business and Messaging. The Companys Devices business is focused on delivering smartphone products. BlackBerrys Enterprise Services business offers enterprise products and services. The Companys BTS business consists of five units: QNX Software Systems Limited (QNX), Certicom, Paratek, the BlackBerry Internet of Things (IoT) Platform, and Intellectual Property and Patent Licensing (IPPL). The Companys Messaging business is engaged in providing BlackBerry Messenger (BBM), the Companys instant mobile to mobile private messaging service. The Company offers a portfolio of smartphone products to both the enterprise and consumer markets.