How much of BlackBerry's stock is being shorted?
Companies with a short interest percentage of 20% or more indicates widespread negative sentiment. 6.02% of BlackBerry's floating shares are currently sold short. Is BlackBerry's short interest increasing or decreasing?
How do you short BlackBerry stock?
To short BlackBerry stock, an investor borrows shares, sells them and buys the shares back on the public market later to return it to the lender. Short sellers are betting that BlackBerry will decline in price. If the stock does drop after selling, the short seller buys it back at a lower price and returns it to the lender.
Should you buy or sell BlackBerry stock?
5 Wall Street analysts have issued "buy," "hold," and "sell" ratings for BlackBerry in the last year. There are currently 4 sell ratings and 1 hold rating for the stock. The consensus among Wall Street analysts is that investors should "sell" BlackBerry stock. View analyst ratings for BlackBerry or view top-rated stocks.
Is BlackBerry stock heavily shorted?
BlackBerry Limited (BB) BlackBerry stock has also captured attention as one of a cadre of companies that have been heavily sold short in recent years.
What percentage of BlackBerry is shorted?
6.95% of BlackBerry's shares are currently sold short. Learn More on BlackBerry's current short interest.
Is BlackBerry a short squeeze?
BlackBerry (BB -4.49%) has been one of the most volatile stocks of 2021. The software company's stock traded at just over $6 per share at the start of the year but skyrocketed to $28.77 -- its highest price in more than a decade -- during the Reddit-fueled short squeeze in late January.
Will BlackBerry stock go up in 2021?
A Brief Look at BB Stock BlackBerry is up 61% in 2021.
What are the most shorted stocks?
Most Shorted StocksSymbol SymbolCompany NameFloat Shorted (%)BYND BYNDBeyond Meat Inc.40.17%VERV VERVVerve Therapeutics Inc.38.69%BGFV BGFVBig 5 Sporting Goods Corp.37.73%ICPT ICPTIntercept Pharmaceuticals Inc.37.73%42 more rows
What percentage of Nokia stock is shorted?
According to Benzinga Pro, Nokia's peer group average for short interest as a percentage of float is 4.60%, which means the company has less short interest than most of its peers.
Will BlackBerry go up again?
Wall Street expects BlackBerry revenue to fall by 20% to $730 million for fiscal 2022, while its net loss is forecast at $196 million. Analysts, however, expect sales to rise to 23.3% to $900 million in fiscal 2024, while the adjusted net loss per share might narrow to $0.03.
Should I sell BlackBerry stock?
In the last year, 10 stock analysts published opinions about BB-T. 4 analysts recommended to BUY the stock. 6 analysts recommended to SELL the stock.
Where is the next short squeeze?
0:206:403 Websites to Find the Next Reddit Short Squeeze Stock - YouTubeYouTubeStart of suggested clipEnd of suggested clipAnd one way to do that is to look for potential short squeeze stocks that are being mentioned a lotMoreAnd one way to do that is to look for potential short squeeze stocks that are being mentioned a lot on reddit. Because that could help you to possibly predict the next. One.
Does BlackBerry make a profit?
BlackBerry stock was down more than 2% in premarket trading. Revenue from the cybersecurity division was at $128 million. But the group reported net profit of $74 million in the quarter, compared with a $130 million loss the year before.
What's next for BlackBerry?
In late July 2021, the company announced its "Pre-Commitment Program," offering fans and businesses a means of providing input on the development process of the first 5G BlackBerry, as well as the opportunity to gain early pre-order access, once the phone was ready for its debut.
Is BlackBerry going out of business?
No Longer in Service: BlackBerry Phones Come to Their End. BlackBerry was once Canada's most valuable company and a global force in tech. The final step in its downfall as a phone maker arrived this week.
What is BlackBerry's current short interest?
Short interest is the volume of BlackBerry shares that have been sold short but have not yet been covered or closed out. As of May 31st, investors...
What is a good short interest ratio for BlackBerry?
The short interest ratio, also known as the "days to cover ratio", is calculated by dividing the number of shares of a stock sold short divided by...
Which institutional investors are shorting BlackBerry?
As of the most recent reporting period, the following institutional investors, funds, and major shareholders have reported short positions of Black...
What is a good short interest percentage for BlackBerry?
Companies that have a short interest as a percentage of float below 10% indicates positive investor sentiment and few short sellers. Stocks with a...
Is BlackBerry's short interest increasing or decreasing?
BlackBerry saw a drop in short interest during the month of May. As of May 31st, there was short interest totaling 35,040,000 shares, a drop of 11....
What is BlackBerry's float size?
BlackBerry currently has issued a total of 577,169,000 shares. Some of BlackBerry's outstanding shares are available for trading, while others are...
How does BlackBerry's short interest compare to its competitors?
6.17% of BlackBerry's shares are currently sold short. Here is how the short interest of companies in the industry of "prepackaged software" compar...
Which stocks are the most shorted right now?
As of the most recent reporting period, the following stocks had the largest short interest positions: Charter Communications, Inc. ($4.12 billio...
What does it mean to sell short BlackBerry stock?
Short selling BB is an investing strategy that aims to generate trading profit from BlackBerry as its price is falling. BlackBerry's stock is tradi...
Is BB stock a buy right now?
6 Wall Street equities research analysts have issued "buy," "hold," and "sell" ratings for BlackBerry in the last twelve months. There are currentl...
Will BlackBerry's stock price go up in 2022?
6 brokerages have issued 12 month price objectives for BlackBerry's stock. Their forecasts range from $6.00 to $11.00. On average, they expect Blac...
How has BlackBerry's stock price performed in 2022?
BlackBerry's stock was trading at $9.35 at the beginning of the year. Since then, BB stock has decreased by 34.4% and is now trading at $6.13. Vie...
When is BlackBerry's next earnings date?
BlackBerry is scheduled to release its next quarterly earnings announcement on Thursday, June 23rd 2022. View our earnings forecast for BlackBerry .
How were BlackBerry's earnings last quarter?
BlackBerry Limited (NYSE:BB) issued its earnings results on Thursday, March, 31st. The company reported $0.01 earnings per share (EPS) for the quar...
What guidance has BlackBerry issued on next quarter's earnings?
BlackBerry updated its FY 2027 earnings guidance on Wednesday, June, 8th. The company provided earnings per share guidance of for the period. The c...
Who are BlackBerry's key executives?
BlackBerry's management team includes the following people: Mr. John S. Chen , Exec. Chairman & CEO (Age 66, Pay $3.02M) ( LinkedIn Profile ) Mr...
What is John Chen's approval rating as BlackBerry's CEO?
706 employees have rated BlackBerry CEO John Chen on Glassdoor.com . John Chen has an approval rating of 50% among BlackBerry's employees. This pu...
Who are some of BlackBerry's key competitors?
Some companies that are related to BlackBerry include Crown Castle International (CCI) , SBA Communications (SBAC) , United States Cellular (USM...
About BlackBerry
BlackBerry Ltd. engages in providing the intelligent security software and services to enterprises and governments.
BlackBerry (NYSE:BB) Frequently Asked Questions
5 Wall Street equities research analysts have issued "buy," "hold," and "sell" ratings for BlackBerry in the last year. There are currently 4 sell ratings and 1 hold rating for the stock.
The game could be ending
A short squeeze occurs when a stock price climbs rapidly, forcing short-sellers to cover their bets and drive the stock even higher. To pull this strategy off, Reddit users had to target stocks that were being heavily shorted. BlackBerry stock is still one of the most shorted on the market.
Should you buy the dip?
BlackBerry has been a breakout play in 2021, even as other stocks struggle for direction. The stock is already up by more than 300%, three weeks into the new year. The blockbuster rally has coincided with a string of positive news, key among them being a strategic partnership with Amazon Web Services on the ambitious project IVY.
Auto opportunity
Project IVY presents yet another opportunity for BlackBerry to strengthen its prospects in the auto industry. A deal with AWS will allow the Canadian company to enhance the software platform to make it possible for automakers to read vehicle sensor data and improve the performance of cloud-connected vehicles.
BlackBerry stock valuation
Before the recent spike higher, the deep-value stock traded at around twice sales per share. That’s unusually low for any tech stock with exposure to growing sectors such as self-driving and cybersecurity. Despite the recent spike and volatility, the stock is still highly undervalued, as it is trading under 10 times sales.
Bottom line
The series of short squeezes this week have been unprecedented. Never before have retail investors congregated this way to drive stocks higher and bankrupt hedge fund managers. BlackBerry stock was caught up in the frenzy. But now the stock has been delisted on the most popular retail trading app.
BlackBerry stock is going up
On June 7, BlackBerry stock is up 9 percent. It’s clear that retail investors on Reddit are bullish about BlackBerry again. It's one of the most popular stocks on Reddit’s WallStreetBets forum followed by the usual meme suspects like AMC and GameStop.
WallStreetBets is targeting BlackBerry stock again
Many retail traders are active on the Reddit subgroup WallStreetBets. Following wild successes with AMC and GameStop in January, WallStreetBets has turned to BlackBerry stock for its latest run on the stock market. This is mainly because of the rising short interest ratio in BlackBerry stock.
Can Reddit take BlackBerry stock to the moon?
As BlackBerry’s stock price increased, so did the number of discussions about it on Reddit. The mentions were often accompanied by rocket ship emojis, indicating that Redditors believe the stock price will go to the moon.
How high can BlackBerry stock go?
This is a valid question that everyone is asking. While most market experts think that BlackBerry stock has outperformed its fundamentals, they also think that it has room to rise more. This is mainly because the short interest in the stock remains significant. Another round of purchasing might squeeze out short-sellers and boost the stock’s gains.
Other Meme Stocks
Koss (NASDAQ: KOSS) and AMC Entertainment Holdings (NYSE: AMC) are among the more prominent meme stocks. Investors have been taking profits from both over the last few days. Those names probably exert some downward pressure on BB stock. And BlackBerry’s stock indicates that the shares are cooling off.
Short Interest
Investors are constantly searching for the next GameStop, meaning they’re looking for highly shorted equities that will soon be squeezed, resulting in huge profits for those who own the shares.
The BlackBerry of the Future
It’s safe to assume that the word “BlackBerry” conjures up images of cell phones with keyboards from nearly a decade ago. But the Blackberry of today is more about automotive software and cybersecurity than phones. The company has pivoted toward vehicle hardware and automobile operating systems.
