What Will Happen to Borqs Technologies Inc – Ordinary Shares (NASDAQ:BRQS) Next? The Stock Has Increase in Shorts

May 18, 2018 - By Darrin Black

The stock of Borqs Technologies Inc – Ordinary Shares (NASDAQ:BRQS) registered an increase of 6.06% in short interest. BRQS’s total short interest was 10,500 shares in May as published by FINRA. Its up 6.06% from 9,900 shares, reported previously. With 3,400 shares average volume, it will take short sellers 3 days to cover their BRQS’s short positions.

The stock decreased 6.62% or $0.5 during the last trading session, reaching $7.05. About 5,832 shares traded or 80.45% up from the average. Borqs Technologies, Inc. (NASDAQ:BRQS) has declined 12.28% since May 18, 2017 and is downtrending. It has underperformed by 23.83% the S&P500.

Borqs Technologies, Inc., through BORQS Beijing Ltd., engages in the development of software services and products for Android smart connected devices and cloud service solutions in China, India, the United States, and internationally. The company has market cap of $220.72 million. The firm develops wireless smart connected devices and cloud solutions; and provides a range of 2G/3G/4G voice and data services for general consumer usage and Internet-of-things devices, as well as telecom services, such as voice conferencing. It currently has negative earnings. It offers its Android platform software products for mobile chipset manufacturers, mobile device OEMs, and mobile operators, as well as mobile connected device solutions for use in enterprise and consumer applications.

More important recent Borqs Technologies, Inc. (NASDAQ:BRQS) news were published by: Seekingalpha.com which released: “A Primer On SPACs” on April 25, 2018, also Benzinga.com published article titled: “40 Stocks Moving In Wednesday’s Mid-Day Session”, Globenewswire.com published: “Borqs Technologies Reports Q1 2018 Results” on May 15, 2018. More interesting news about Borqs Technologies, Inc. (NASDAQ:BRQS) was released by: Globenewswire.com and their article: “Borqs’ acquisition target, KADI, received clearance from customer for commercial production of its electric vehicle …” with publication date: May 08, 2018.

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