BlackBerry (BB) Rises 4% Before the Market Open

During the last session 5M of BlackBerry Limited’s (NYSE:BB) shares were traded. The stock closed at $9.34 per share indicating that it gained $0.06 or 0.65% during that day.

The 52-week high for the BlackBerry Limited’s shares is $28.77. That puts it -67.54% from that peak but still a fine gain since the share price dropped to a 52-week low of $4.44, while the S&P 500’s share price change was of 30%.


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 9M, while in the last 10 days the average was 6.94M and last three months – 9.22M.
The decreasing interest in the BB stock from the investors is helping to drive the stock price down.

Shrinking short interest

The BlackBerry Limited’s shares are seeing a decreasing short interest compared to the previous month. As of today, there are 46.97M shares being shorted which translates into 3.3 of a short ratio for BB, while in the previous month the shorted shares were 48.48M.

BlackBerry Limited (NYSE:BB)’s financials

BlackBerry Limited holds a total cash of $739M that translates into $1.31 per share, while the total debt is of $843M.

The company has seen a decrease in the revenue with a year-over-year quarterly revenue growth percentage of -25.50%. The current revenue is of $893M that is $1.59 per share.

This is a not so good sign for the future.