BlackBerry Rallies 10.2% on QNX Automotive Software Driving 50% of Revenue
BB•BlackBerry stock rallied 10.2% after recognition of its pivot to automotive safety software via QNX, which makes up half of revenue and is embedded in 275 million vehicles. Short interest rose 17.6% to 5.2% of float while put/call volume hit the 97th percentile, suggesting squeeze potential.
1. Software Pivot Boosts Revenue
BlackBerry’s QNX operating system now powers driver-assistance features in 275 million cars and generates half of the company’s total revenue, marking a strategic shift from its legacy handset business into safety-critical software.
2. Stock Performance Trends
Shares climbed 10.2%, consolidating above penny-stock territory and trading above all moving averages after hitting a 52-week high, delivering a 56.2% year-to-date gain.
3. Rising Short Interest and Option Activity
Short interest increased 17.6% to 5.2% of available float, while the put/call volume ratio reached the 97th percentile. Call volume swelled to 61,000 contracts—three times the norm—highlighting potential for a short squeeze.
