wolfofcecil
2024-12-16

$BlackBerry(BB)$  

Is BlackBerry (BB) Setting Up for a Short Squeeze?

BB surged today following the announcement of its Cylance asset sale to Arctic Wolf for $160M in cash and equity. This strategic move has boosted investor confidence and could trigger a short squeeze.

Why It Could Happen:

1. High Short Interest: BlackBerry has been heavily shorted, and today’s rally may force short sellers to cover their positions.

2. Catalyst in Place: The divestiture strengthens BlackBerry’s focus and liquidity.

3. Increased Volume: Strong trading volume suggests momentum is building.

4. Retail Interest: BlackBerry has a history of speculative retail-driven runs.

Key to Watch

If the rally continues with sustained volume, short sellers may face mounting pressure, fueling further price spikes. Could BB be the next big squeeze?

(Not financial advice. Do your research.)


Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.

Comments

  • qixoo
    2024-12-18
    qixoo
    Wow, this insights are fire! 🔥🔥
  • SullivanRrr
    2024-12-18
    SullivanRrr
    Boom together with GME?
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