Research In Motion Ltd (NASDAQ:BBRY) shares lose by 27.76%


Boston, MA, 07/01/2013 (financialstrend) – Based on the market data from Markit, a financial services firm, it had been reported that Research In Motion Ltd (NASDAQ:BBRY)’s combined short interest market value at the New York Stock Exchange (NYSE) and Toronto Stock Exchange (TSE) reached around 30 percent in June 30, 2013. Amidst the sluggish market for Research In Motion Ltd (NASDAQ:BBRY) various market analysts believe that the first quarter earnings will be pretty decent for the Canadian Smartphone manufacturer.

Shares of Research In Motion Ltd (NASDAQ:BBRY) which opened at $10.71 had declined by 27.76 percent over the previous close to end up the day at $10.46 on Friday. The decline in the shares of Research In Motion Ltd (NASDAQ:BBRY) is about $4.02 per share.  The price range of Research In Motion Ltd (NASDAQ:BBRY) varied from as low as $10.25 to a peak value of $10.98 on Friday. The 52 week low of Research In Motion Ltd (NASDAQ:BBRY) is $6.22 and the high value was $18.32.  Trading volume of the shares of Research In Motion Ltd (NASDAQ:BBRY) for last Friday was 136.03 million shares which was very huge when compared to the average trading volume of 20.11 million shares. The total outstanding shares of Research In Motion Ltd (NASDAQ:BBRY) is 524.16 million shares which accounts for a huge market capitalization of 5.48 billion for Research In Motion Ltd (NASDAQ:BBRY). The institutional investors of Research In Motion Ltd (NASDAQ:BBRY) contribute for around 59% of the total outstanding shares.

Research In Motion Ltd (NASDAQ:BBRY) designs, manufactures and markets the wireless solutions for the communications industry across the world. Research In Motion Ltd (NASDAQ:BBRY) provides seamless integration and access to information including e-mail, voice instant messaging, SMS (short messaging service), browsing, internet and intranet based applications. The portfolio of Research In Motion Ltd (NASDAQ:BBRY) includes products, services and embedded technologies that are used by huge number of reputed corporate and millions of consumers like BlackBerry wireless solution, BlackBerry playbook tablet, RIM wireless handheld product line and other hardware and software.

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