Recent short interest data for the 3/13/2015 settlement date shows an increase in short interest for shares of BlackBerry Limited (BBRY). As of March 13, the short interest for the smartphone maker totaled 95,573,854 shares, as compared to 88,271,288 shares since February 27, a jump of 8%. Average daily volume [AVM] for the same period rose by 3,205,015 to 11,148,892 shares from 7,943,877 shares. It is worth mentioning that ticker’s short interest has declined by more than 29 million shares, or 23.8%, from the 1/15/2015 settlement date.
Based on the latest AVM, the days-to-cover ratio — a metric that includes both the total shares short and the average daily volume of shares traded — is currently 8.57 days. Days-to-cover for BBRY decreased to 8.57 for the March 13 settlement date, as compared to 11.11 days at the February 27 report.
BlackBerry Limited has a beta of 0.27 and a short float of 19.81%. In the past 52 weeks, shares of Waterloo, Canada-based company have traded between a low of $7.01 and a high of $12.63 and are now at $9.34. Shares are up 1.49% year-over-year ; down 13.30% year-to-date.