Short Interest In BlackBerry is Massive Going into Earnings on Thursday
The latest statistics show that short interest is more than 30 percent or 155 million shares. That’s up from 136 million one month prior.
Why the short interest? There are plenty of reasons. In a research note, Goldman Sachs placed a Neutral rating on the stock saying, “The Z10 launch at AT&T (NYSE: T) on March 22 was disappointing, with limited marketing and tepid sell-through at AT&T and Best Buy (NYSE: BBY) stores alike.”
With BlackBerry reporting earnings before the bell Thursday morning, the longs are hoping that BlackBerry surprises with a better than expected report. A 30 percent short interest could equal an epic short squeeze that means big profits for the longs.
Latest Ratings for BBRY
|Sep 2016||Goldman Sachs||Maintains||Sell|
|Sep 2016||Credit Suisse||Maintains||Underperform|
|Sep 2016||Morgan Stanley||Maintains||Equal-Weight|
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