Stocks

BlackBerry Ltd Short Interest Down 3% In March

BlackBerry witnessed a sharp decline in short interest for the month of March. From 95,573,854 shares sold short as of March 13th, the short interest declined 3% to 92,690,888 shares as of March 31st. Presently, around 18.9% of the shares of the company are sold short.

BlackBerry Ltd Short Interest Down 3% In March

BlackBerry announces global roll-out of Leap

On Wednesday, BlackBerry shares were up over 2%, likely relating to an announcement regarding the global roll-out of the company’s latest smartphone, the Leap. The phone is now available in the UK, and will soon be launched in other major markets including Canada, India, France, Germany, Saudi Arabia, United Arab Emirates and the United States, according to BlackBerry.

The Canadian company noted young professionals and companies seeking to renew their enterprise devices, can now buy the Leap from its online store, and through select carriers and partners. Ron Louks, President, Devices and Emerging Solutions at BlackBerry, said that the Leap is an affordable all-touch screen for young professionals who require a smartphone, which along with making them productive, secures sensitive communications.

What analysts feel of BlackBerry?

A number of research firms have recently come out with their verdict on BlackBerry. In a research note on Tuesday, analysts at Vetr lowered the rating on the stock from a Buy to Hold, and assigned a $10.59 price target. Separately, MKM Partners raised their rating on the Canadian firm to Neutral, and set a price target of $10, in a March 31st research note. Analysts at Scotiabank, in a research note on March 31st, increased the price target on the stock to $12.50, and assigned a Sector Perform rating to shares. Analysts at Deutsche Bank upgraded the company to Hold and assigned it a $9 price target in a research note on March 31st. Presently, BlackBerry has an average rating of Hold and an average price target of $9.86.

BlackBerry sports a 52-week low of $7.10 and a 52-week high of $12.63. The 50-day moving average for the rebounding tech firm is $9, while its 200-day moving average is $10. On Wednesday, BlackBerry closed up 2.36% to $9.97, while year to date the stock is down almost 10%.

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  • Dave Matthews

    Did you even read the Fairfax annual report and Watsa’s view/opinion of Chen? Methinks not.

  • http://www.pornhub.com HumbleButBlunt

    That doesn’t really matter much to my statement.

  • DEVVVV

    this is a different thing HBB that I finally finished, non smartphone related.

  • http://www.pornhub.com HumbleButBlunt

    well, in my opinion, based off of my understanding about you… it will likely fail and never hit the market. Not even the idea of it has sold itself so you’ve already failed on that side of it.

    I hope I’m wrong, but most people who have seen you posting on these forums think you’ve lost your mind, and I can’t say there is assessment is wrong.

  • DEVVVV

    ty HBB (: I have just finished designing the 6 out of 6 software programs for my device. This morning I sent it to my writer to code the final program.

  • http://www.pornhub.com HumbleButBlunt

    Interesting opinion which you’re entitled to have.

  • DEVVVV

    well its going to be BlackBerry and you that will lose. I see BlackBerry is done with the up swing of the stock, I believe it may be down hill from here. Remember I said it first.

  • http://www.pornhub.com HumbleButBlunt

    LMFAO!!!!!!!!!!! You’re delusional!

  • DEVVVV

    hmm you still don believe that I am truly on BlackBerry’s side HBB. Chen and company is doing the damage but continuing to focus on the same old. If Prem Watsa (FFH) want to make good on his investment, its time to oust Chen. One afternoon with Prem, guaranteed he will see the light.

  • http://www.pornhub.com HumbleButBlunt

    As usual, DEVVV is here to do damage to BlackBerry.

  • DEVVVV

    Re: “BlackBerry sports a 52-week low of $7.10 and a 52-week high of $12.63. The 50-day moving average for the rebounding tech firm is $9, while its 200-day moving average is $10. On Wednesday, BlackBerry closed up 2.36% to $9.97, while year to date the stock is down almost 10%.” So as it stands 10% of investors are losing faith in Chen since last year. I think they are noticing that BlackBerry focus has not really changed that caused the demise in the first place.