BB’s Fundamentals Don’t Lie

During the last session 4M of BlackBerry Limited (NYSE:BB)’s shares were traded. The stock closed at $10.21 per share indicating that it gained $0.1 or 0.99% during that day which brings the BlackBerry Limited’s valuation to $5.72B.

The 52-week high for the BlackBerry Limited’s shares is $28.77. That puts it -64.5% from that peak with a 52-week low of $5.82, while the S&P 500’s share price change was of 28.92%.

What does the trading volume tell us about the BB stock?

During the last trading session, BlackBerry Limited (NYSE:BB) has seen growth in its daily volume. The daily volume was of 9M, while in the last 10 days the average was 6.13M and last three months – 9.48M.

Shrinking short interest

The BlackBerry Limited’s shares are seeing a decreasing short interest compared to the previous month. As of today, there are 37.9M shares being shorted which translates into 4.05 of a short ratio for BB, while in the previous month the shorted shares were 40.18M.

BlackBerry Limited (NYSE:BB)’s financials

With a market cap of 5.72B, BlackBerry Limited holds a total cash of $707M that translates into $1.25 per share, while the total debt is of $891M.

The company has seen a decrease in the revenue with a year-over-year quarterly revenue growth percentage of -32.40%. The current revenue is of $777M that is $1.37 per share.

This is a not so good sign for the future.