BlackBerry Ltd BBRY 0.9% has been one of the most polarizing, controversial and unpredictable stocks in the market in recent years. Long-time traders and smartphone users are well aware of the company’s fall from grace that sent shares tumbling more than 85 percent from December 2010 to December 2013.

However, short sellers who bet on BlackBerry’s demise have been frustrated over the past several years. Despite BlackBerry’s announcement earlier this year that it will completely terminate its once-dominant phone business, shares are actually up more than 30 percent since late-2013.

After jumping ship on its handset business, BlackBerry now plans to focus its attention on its device management suite, which allows companies to monitor employees’ phones and sensitive communications.

Since BlackBerry bailed on its phone business, it seems a number of BlackBerry short sellers are bailing on their trades as well. Short interest is down 11.9 percent since mid-November, while the stock’s share price is up 3.3 percent in that time.

According to shortsqueeze.com, there are…

Click here to continue reading

Want to learn more about how to profit off the stock market? Or maybe you just want to be able to look sophisticated in front of your coworkers when they ask you what you are reading on your Kindle, and you’d prefer to tell them “Oh, I’m just reading a book about stock market analysis,” rather than the usual “Oh, I’m just looking at pics of my ex-girlfriend on Facebook.” For these reasons and more, check out my book, Beating Wall Street with Common Sense. I don’t have a degree in finance; I have a degree in neuroscience. You don’t have to predict what stocks will do if you can predict what traders will do and be one step ahead of them. I made a 400% return in the stock market over five years using only basic principles of psychology and common sense. Beating Wall Street with Common Sense is now available on Amazon, and tradingcommonsense.com is always available on your local internet!