What’s Next for Blackberry Limited (NYSE:BB) After Having More Shares Shorted?

January 13, 2018 - By Peter Erickson

 What's Next for Blackberry Limited (NYSE:BB) After Having More Shares Shorted?

The stock of Blackberry Limited (NYSE:BB) registered an increase of 0.63% in short interest. BB’s total short interest was 46.75 million shares in January as published by FINRA. Its up 0.63% from 46.46M shares, reported previously. With 2.54M shares average volume, it will take short sellers 18 days to cover their BB’s short positions.

The stock increased 1.49% or $0.2 during the last trading session, reaching $13.65. About 6.31M shares traded or 24.56% up from the average. BlackBerry Limited (NYSE:BB) has 0.00% since January 13, 2017 and is . It has underperformed by 16.70% the S&P500.

BlackBerry Limited operates as security software and services firm in securing, connecting, and mobilizing enterprises worldwide. The company has market cap of $7.20 billion. The firm operates in three divisions: Software & Services, Mobility Solutions, and Service Access Fees . It has a 20.28 P/E ratio. The Software & Services segment offers enterprise software and services, including mobile-first security, productivity, collaboration, and end-point management solutions for the Enterprise of Things through the BlackBerry Secure platform; BlackBerry technology solutions, such as BlackBerry QNX, Certicom, Paratek, BlackBerry Radar, and intellectual property and licensing; AtHoc, which provides secure, networked crisis communications solutions; SecuSmart that offers secure voice and text messaging solutions with encryption and anti-eavesdropping facilities; licensing and services related to BlackBerry Messenger; and cybersecurity consulting services and tools.

More notable recent BlackBerry Limited (NYSE:BB) news were published by: Seekingalpha.com which released: “BlackBerry: Turns Out Intel Leads, QNX Lags” on January 09, 2018, also Fool.com with their article: “Why BlackBerry Ltd. Stock Popped Today” published on December 20, 2017, Seekingalpha.com published: “BBM Consumer: Another Ace Up BlackBerry’s Sleeve” on January 11, 2018. More interesting news about BlackBerry Limited (NYSE:BB) were released by: Seekingalpha.com and their article: “BlackBerry: Why So Bearish?” published on December 26, 2017 as well as Fool.ca‘s news article titled: “BlackBerry Ltd. Reaches 4-Year Highs: Is it Time to Buy?” with publication date: January 09, 2018.

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