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BlackBerry (NASDAQ:BBRY) was the recipient of a large decrease in short interest during the month of July. As of July 31st, there was short interest totalling 88,526,319 shares, a decrease of 4.7% from the July 15th total of 92,926,346 shares, American Banking News reports. Approximately 18.1% of the shares of the stock are short sold. Based on an average daily volume of 19,752,253 shares, the days-to-cover ratio is presently 4.5 days.

A number of analysts have recently weighed in on BBRY shares. Analysts at Wells Fargo & Co. reiterated a “” rating on shares of BlackBerry in a research note on Thursday, July 31st. Separately, analysts at Zacks reiterated a “neutral” rating on shares of BlackBerry in a research note on Thursday, July 17th. They now have a $10.00 price target on the stock. Finally, analysts at TheStreet reiterated a “positive” rating on shares of BlackBerry in a research note on Wednesday, July 16th. They now have a $11.31 price target on the stock. Eight equities research analysts have rated the stock with a sell rating, seventeen have assigned a hold rating and five have assigned a buy rating to the stock. The stock has an average rating of “Hold” and an average target price of $8.90.

Shares of BlackBerry (NASDAQ:BBRY) opened at 9.52 on Tuesday. BlackBerry has a one year low of $5.44 and a one year high of $12.18. The stock’s 50-day moving average is $10.1 and its 200-day moving average is $8.93. The company’s market cap is $4.944 billion.

BlackBerry (NASDAQ:BBRY) last announced its earnings results on Thursday, June 19th. The company reported ($0.11) EPS for the quarter, missing the Thomson Reuters consensus estimate of $0.63 by $0.74. The company had revenue of $966.00 million for the quarter, compared to the consensus estimate of $976.25 million. During the same quarter in the prior year, the company posted ($0.13) earnings per share. The company’s quarterly revenue was down 68.5% on a year-over-year basis. On average, analysts predict that BlackBerry will post $-0.61 earnings per share for the current fiscal year.

BlackBerry Limited, formerly Research In Motion Limited is a designer, manufacturer and marketer of wireless solutions for the worldwide mobile communications market.

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