What's Blackberry Limited (NASDAQ:BBRY) Upside After This Short Interest Decrease?

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Yet another important factor while evaluating a good buy/sell decision for BlackBerry Limited (BBRY) is its Earnings per Share or EPS. Earnings surprises can have a huge impact on a company's stock price.

Several brokerages have weighed in on BBRY. Zacks Investment Research lowered shares of BlackBerry Limited from a "strong-buy" rating to a "hold" rating in a research note on Friday, April 7th.

09/29/2016 - BlackBerry Limited had its " rating reiterated by analysts at RBC Capital.

The stock is now showing YTD performance of 52.98 Percent. BMO Capital Markets boosted their price objective on shares of BlackBerry Limited from $8.00 to $9.00 and gave the company a "market perform" rating in a research report on Monday, April 17th. Its down 5.16% from 47.67 million shares, reported previously.

9 analysts polled by Zacks Research now have a mean target price of $8.472 on BlackBerry Limited (NASDAQ:BBRY).

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On the other hand Blackberry Limited (NASDAQ:BBRY) has Relative Strength Index (RSI 14) of 56.41 along with Average True Range (ATR 14) of 0.42. BlackBerry Limited's quarterly revenue was down 39.0% compared to the same quarter a year ago. During the same quarter previous year, the firm posted ($0.03) earnings per share. Connor Clark & Lunn Investment Management Ltd. boosted its position in shares of BlackBerry Limited by 13.5% in the third quarter.

The stock has Return on Assets (ROA) of -30.8 percent. Vanguard Group Inc. now owns 10,428,072 shares of the smartphone producer's stock worth $80,818,000 after buying an additional 493,101 shares during the period. Beck Mack & Oliver LLC purchased a new stake in BlackBerry Limited during the first quarter worth about $105,000. Sei Investments Co. now owns 1,487,400 shares of the smartphone producer's stock valued at $11,528,000 after buying an additional 193,410 shares during the last quarter. Finally, BNP Paribas Arbitrage SA boosted its stake in shares of BlackBerry Limited by 9.5% in the first quarter. S&P Research maintained the stock with "Hold" rating in Friday, September 4 report.

Blackberry Limited (NASDAQ:BBRY) shares traded on 2.26% up secure line and closed at $10.84. Let's have a look at recent traded volume and some historical average volume information. The level of 50 represents neutral market momentum and corresponds with the center line in other oscillators such as MACD (Moving Average Convergence/Divergence). BlackBerry Limited has a one year low of $6.23 and a one year high of $11.74. The stock's market capitalization is 5.70B.

BlackBerry Limited (NASDAQ:BBRY) (TSE:BB) last announced its quarterly earnings results on Friday, March 31st. The smartphone producer reported $0.04 earnings per share for the quarter, topping analysts' consensus estimates of ($0.04) by $0.08. For the current year the company's revenue estimates are $987.41 Million compared to low analyst estimates of $891.19 Million and high estimates of $1.15 Billion according to the prediction of 16 analysts. BlackBerry Limited had a negative return on equity of 2.16% and a negative net margin of 91.29%. The company's revenue was down 39.0% on a year-over-year basis. Equities research analysts predict that BlackBerry Limited will post $0.02 EPS for the current fiscal year. If you are reading this story on another site, it was stolen and reposted in violation of United States and global trademark & copyright law. The legal version of this piece can be accessed at [[permalink]].

BlackBerry Limited (BlackBerry) provides mobile communications solutions. The Firm is engaged in the sale of smartphones and enterprise software and services.

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