BlackBerry Limited (NASDAQ:BBRY).
On September 29 Goldman Sachs maintained a stock rating of “Equal-weight” and lowered the price target to $7.00 from $9.00. On August 12 the stock rating was upgraded from “” to “Outperform” with a current price target of $10.50 in an announcement from Raymond James.
June 16 investment analysts at Imperial Capital made no change to the stock rating of “In-line” but lowered the price target from $7.50 to $7.00. On May 18, 2016 Macquarie added BBRY to its research portfolio setting a rating of “Underperform”.
On April 19 Imperial Capital held the stock rating at “In-line” but lowered the price expectation to $7.50 from $9.00.
The company is up by 5.71 percent from yesterday’s close. Company shares last traded at $8.33 which is just over the 50 day moving average which is $7.79 and a tad higher than the 200 day moving average of $7.30. The 50 day moving average moved up $0.54 whereas the 200 day average was up by +14.10%.
In the last earnings report the EPS was $-2.21 and is expected to be $-0.15 for the current year with 523,000,000 shares presently outstanding. Next quarter’s EPS is forecasted to be $-0.05 with next year’s EPS anticipated to be $-0.16.
Traders are a little more bearish on BlackBerry Limited of late if you look at the uptick in short interest. The firm saw a rise in short interest between August 31, 2016 and September 15, 2016 of 0.00%. Short interest increased from 57,177,288 to 57,344,411 over that timeframe. With short interest at 57,344,411 and short average daily volume at 2,895,561, days to cover is 19.8 and the percentage of shorted shares was 0.11% on September 15.