During the last session 10M of BlackBerry Limited’s (NYSE:BB) shares were traded. The stock closed at $9.56 per share indicating that it gained $0.19 or 2.03% during that day which brings the BlackBerry Limited’s valuation to $5.41B.
The 52-week high for the BlackBerry Limited’s shares is $28.77. That puts it -66.77% from that peak but still a 97.26% gain since the share price dropped to a 52-week low of $4.37, while the S&P 500’s share price change was of 34.12%.
What does the trading volume tell us about the BB stock?
During the last trading session, BlackBerry Limited (NYSE:BB) has seen decay in its daily volume. The daily volume was of 10M, while in the last 10 days the average was 8.1M and last three months – 10.42M.
Growing short interest
The BlackBerry Limited’s shares are seeing an increasing short interest compared to the previous month. As of today, there are 36.82M shares being shorted which translates into 3.98 of a short ratio for BB, while in the previous month the shorted shares were 36.26M.
BlackBerry Limited (NYSE:BB)’s financials
With a market cap of 5.41B, BlackBerry Limited holds a total cash of $703M that translates into $1.24 per share, while the total debt is of $831M.
The company has seen a decrease in the revenue with a year-over-year quarterly revenue growth percentage of -15.50%. The current revenue is of $861M that is $1.53 per share.
This is a not so good sign for the future.