What’s in Borqs Technologies Inc – Ordinary Shares (NASDAQ:BRQS) After Rise in Shorted Shares?

The stock of Borqs Technologies Inc – Ordinary Shares (NASDAQ:BRQS) registered an increase of 5.71% in short interest. BRQS’s total short interest was 3,700 shares in August as published by FINRA. Its up 5.71% from 3,500 shares, reported previously. With 2,400 shares average volume, it will take short sellers 2 days to cover their BRQS’s short positions. The short interest to Borqs Technologies Inc – Ordinary Shares’s float is 0.02%.

It closed at $2 lastly. It is down 68.15% since August 14, 2018 and is downtrending. It has underperformed by 68.15% 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 $62.61 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 has a 64.52 P/E ratio. 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 notable recent Borqs Technologies, Inc. (NASDAQ:BRQS) news were published by: Investingnews.com which released: “5 Top Weekly NASDAQ Tech Stocks: Fastly and Luckin Jump on IPOs – Investing News Network” on May 19, 2019, also Investorideas.com with their article: “Investor Ideas updates Crypto and Blockchain Stock Directory as Facebook ($FB) Launches Libra – InvestorIdeas.com” published on June 19, 2019, Globenewswire.com published: “Borqs’ Connectivity Business Unit ranked among top 3 MVNOs in China for the third consecutive year – GlobeNewswire” on October 17, 2018. More interesting news about Borqs Technologies, Inc. (NASDAQ:BRQS) were released by: Globenewswire.com and their article: “Borqs Technologies Reports Q3 2018 Results Nasdaq:BRQS – GlobeNewswire” published on November 19, 2018 as well as Globenewswire.com‘s news article titled: “Borqs Technologies Reports Annual and Q4 2017 Results – GlobeNewswire” with publication date: April 02, 2018.

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