Short Interest in BlackBerry Limited (BBRY) Grows By 9.9%

Joanna Estrada
Сентября 27, 2017

Another trade for 16,000 shares valued at $2.45M was sold by Cox Christopher K. 20,000 shares were sold by Wehner David M., worth $3.00 million. The firm's market capitalization is $5.64 billion. The stock declined 0.11% or $0.01 reaching $9.12 per share. The target implies a 5.88% spike from where the shares are now trading. It has outperformed by 38.46% the S&P500. Investec Asset Management has 0.65% invested in Altria Group Inc (NYSE:MO). The institutional investor held 60,275 shares of the telecommunications equipment company at the end of 2017Q2, valued at $603,000, down from 160,275 at the end of the previous reported quarter. Facebook Inc Class A now has $472.05 billion valuation.

Analysts look for public financial statements, listen in on conference calls and talk to managers and customers of a company in order to reach an opinion and communicate the value of a stock. Based on an average trading volume of 3,539,773 shares, the short-interest ratio is now 12.0 days. More interesting news about BlackBerry Ltd (NASDAQ:BBRY) were released by: Seekingalpha.com and their article: "BlackBerry: Show Me The Progress" published on September 15, 2017 as well as Fool.ca's news article titled: "What to Expect from BlackBerry Ltd.in Q2 Results" with publication date: September 19, 2017. It has outperformed by 10.05% the S&P500. The stock of BlackBerry Ltd (NASDAQ:BBRY) has "Hold" rating given on Monday, September 21 by Canaccord Genuity.

Blackberry Limited (NASDAQ:BBRY)'s revenue estimates for the current quarter are $221.18 Million according to 11 number of analysts, for the current quarter the company has high revenue estimates of $231.87 Million in contradiction of low revenue estimates of $207.3 Million. Four analysts have rated the stock with a sell rating, ten have assigned a hold rating and six have assigned a buy rating to the company. Therefore 9% are positive. Blackberry had 53 analyst reports since July 28, 2015 according to SRatingsIntel. The firm earned "Overweight" rating on Thursday, July 30 by Piper Jaffray. The firm earned "Sector Perform" rating on Monday, December 14 by RBC Capital Markets. TheStreet raised BlackBerry Limited from a "d" rating to a "b-" rating in a research report on Friday, June 23rd.

BlackBerry Limited (NASDAQ:BBRY) (TSE:BB) had its target price lifted by Bank of America Corporation from $7.50 to $8.00 in a report issued on Friday morning. The firm has "Sell" rating by RBC Capital Markets given on Friday, June 30. The stock of BlackBerry Ltd (NASDAQ:BBRY) has "Hold" rating given on Monday, June 26 by BMO Capital Markets. With the last close up -1.01% from the two hundred day average, compared with the S&P 500 Index which has increased 0.04% over the same period. Koch Industries Inc. purchased a new position in BlackBerry Limited in the second quarter valued at approximately $360,000.

Since May 8, 2017, it had 0 buys, and 2 selling transactions for $664,775 activity. $2.40 million worth of stock was sold by Cox Christopher K on Monday, May 8. Altria Group Inc (NYSE:MO) has risen 11.92% since September 24, 2016 and is uptrending. Therefore 92% are positive. Altria Group Inc. had 40 analyst reports since July 31, 2015 according to SRatingsIntel. As per Tuesday, September 29, the company rating was maintained by Imperial Capital. The rating was maintained by Raymond James with "Strong Buy" on Thursday, July 27. Cantor Fitzgerald maintained the shares of FB in report on Friday, July 21 with "Buy" rating. Jefferies has "Hold" rating and $70 target. JMP Securities maintained Facebook Inc (NASDAQ:FB) on Thursday, April 28 with "Market Outperform" rating. Rosenblatt has "Buy" rating and $115 target.

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