Why BlackBerry Stock Just Got Stomped

·2 min read
Why BlackBerry Stock Just Got Stomped

Shares of once smartphone maker now electric car software stock BlackBerry (NYSE: BB) are continuing to roll downhill in Wednesday afternoon trading -- down 8.5% as of 3:15 p.m. EDT. In a generally even-handed column out this morning, IBD reviewed BlackBerry's history as a business, took a brief look at its financials, and then homed in on the issue that is on everybody's mind these days: Whether BlackBerry has enough short interest to create another short squeeze that could drive its shares "to the moon" once more. On the numbers, "BlackBerry's fundamentals do not measure up," warned IBD.

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