BlackBerry Limited (BBRY): Price Target and June Short Interest Disclosure

BlackBerry Limited (BBRY) : Currently there are 13 street experts covering BlackBerry Limited (BBRY) stock. The most bullish and bearish price target for the stock is $11 and $6 respectively for the short term. The average price target of all the analysts comes to $7.5. The estimated standard deviation from the target is $1.19.

BlackBerry Limited (BBRY) reported a drop of 1.4% or 789,258 shares in its short interest. The short figure came in at 10.4% of the total floats. The average daily volume of 5,207,465 shares suggests that the days to cover 54,377,600 short positions, as on June 30,2016, will be 10. On June 15,2016, the short interest was 55,166,858 shares. The information was released by Financial Industry Regulatory Authority, Inc (FINRA) on June 12th.

Also, Equity analysts at the Brokerage firm Imperial Capital maintains its rating on BlackBerry Limited (NASDAQ:BBRY). The rating major has initiated the coverage with in-line rating on the shares. Earlier, the shares were rated a In-line by the brokerage firm. The Analysts at Imperial Capital lowers the price target from $7.5 per share to $7 per share. The rating by the firm was issued on June 16, 2016.


BlackBerry Limited (NASDAQ:BBRY): The stock was completely flat for the day, closing at $6.69 on Thursday. The flat closing masks the intraday volatility in the stock. After opening at $6.75, the stock touched an intraday high of $6.78 and a low of $6.63. Neither the bulls nor the bears asserted their supremacy at close, due to which the stock closed completely flat. The stock previously closed at $6.69. The total trading volume on Thursday was 2,560,314.

BlackBerry Limited (BlackBerry) is a provider of mobile communications and services. The Company is engaged primarily in the provision of the BlackBerry wireless solution, consisting of smartphones, service and software. The Companys four areas of business are Devices business, Enterprise Services, BlackBerry Technology Solutions (BTS) business and Messaging. The Companys Devices business is focused on delivering smartphone products. BlackBerrys Enterprise Services business offers enterprise products and services. The Companys BTS business consists of five units: QNX Software Systems Limited (QNX), Certicom, Paratek, the BlackBerry Internet of Things (IoT) Platform, and Intellectual Property and Patent Licensing (IPPL). The Companys Messaging business is engaged in providing BlackBerry Messenger (BBM), the Companys instant mobile to mobile private messaging service. The Company offers a portfolio of smartphone products to both the enterprise and consumer markets.

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