BRK Inc (OTCMKTS:BRKK) has seen active volume of late as investors have noticed that the company is making serious waves. On August 4th the company announced the completion of the purchase of patent application, patent assignment, technology, commercialization plan and all other intellectual property deriving from and pertaining to the live broadcast Helmet Camera System technology developed by iSee Automation Inc. The company’s iSee ref cam has been on display in a number of live televised sporting events including the 2016 NHL All-Star game. With the stock trading at less than $.50, Duncan Research has given the equity a “Buy” rating at these levels.
According to the most recent information, there are 1300 total short interest in BRK Inc (OTCMKTS:BRKK). Given the stock’s average daily volume of 52385, this results in 2.6 days to cover. In looking at the total shares short in respect to the total outstanding share total of 48080000, yields a 0.00003% of total shares are are short. Compared to last month, this is a -18.75 change in total short interest.
When investors engage in short selling or “shorting a stock”, they actually borrow shares from an existing owner, sell the borrowed shares at market price, and take the cash. The short sellers then promise to replace the stock in the future and makes dividend payments out of their own pockets to cover the dividend income that is no longer exists on the original, now borrowed and sold, shares.
They hope that the stock price will fall or that the company will fail and go bankrupt, leading the equity holders to ruin. The short sellers will then buy the stock back at a much lower price and replace the borrowed shares, pocketing the difference. Shorting a stock can be very risky if the price doesn’t decline like planned and, in fact, increases. It’s important for any investor to understand the dangers and potentially catastrophic financial losses of short selling.
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RK Inc (OTCMKTS:BRKK) shares closed the most recent session at 0.52 moving from the previous open or $0.07. This is compared to the stock’s 52-week high of 0.85 and 52-week low of 0.14. Is now the right time to take stake in the 25000000 market cap company?
Disclaimer: The views, opinions, and information expressed in this article are those of the authors and do not necessarily reflect the official policy or position of any company stakeholders, financial professionals, or analysts. Examples of analysis performed within this article are only examples. They should not be utilized to make stock portfolio or financial decisions as they are based only on limited and open source information. Assumptions made within the analysis are not reflective of the position of any analysts or financial professionals.