Sphere 3D Corp. (NASDAQ:ANY) Short Interest Down 14.1% in March

Sphere 3D Corp. (NASDAQ:ANYGet Free Report) was the recipient of a large drop in short interest during the month of March. As of March 15th, there was short interest totalling 582,300 shares, a drop of 14.1% from the February 29th total of 678,000 shares. Based on an average daily trading volume, of 1,480,000 shares, the days-to-cover ratio is currently 0.4 days. Currently, 3.5% of the shares of the company are sold short.

Institutional Trading of Sphere 3D

Several large investors have recently made changes to their positions in the company. Vanguard Group Inc. lifted its position in shares of Sphere 3D by 442.0% during the 4th quarter. Vanguard Group Inc. now owns 450,035 shares of the technology company’s stock worth $1,494,000 after buying an additional 367,000 shares during the last quarter. Dimensional Fund Advisors LP bought a new stake in shares of Sphere 3D during the 4th quarter valued at approximately $57,000. BNP Paribas Arbitrage SA acquired a new position in Sphere 3D during the 1st quarter worth approximately $48,000. Virtu Financial LLC increased its position in Sphere 3D by 537.3% during the 1st quarter. Virtu Financial LLC now owns 122,323 shares of the technology company’s stock worth $257,000 after purchasing an additional 103,130 shares in the last quarter. Finally, Renaissance Technologies LLC lifted its stake in Sphere 3D by 62.9% in the 1st quarter. Renaissance Technologies LLC now owns 851,276 shares of the technology company’s stock valued at $1,788,000 after purchasing an additional 328,746 shares during the last quarter. Institutional investors and hedge funds own 17.28% of the company’s stock.

Wall Street Analyst Weigh In

A number of equities analysts have issued reports on the stock. HC Wainwright reaffirmed a “buy” rating and issued a $5.00 price objective on shares of Sphere 3D in a research note on Thursday, December 28th. StockNews.com upgraded shares of Sphere 3D from a “sell” rating to a “hold” rating in a research note on Wednesday, March 6th.

Get Our Latest Analysis on Sphere 3D

Sphere 3D Price Performance

ANY stock opened at $1.54 on Friday. Sphere 3D has a fifty-two week low of $0.57 and a fifty-two week high of $4.09. The stock has a market capitalization of $27.41 million, a price-to-earnings ratio of -0.80 and a beta of 2.81. The business’s fifty day moving average price is $1.92 and its two-hundred day moving average price is $1.68.

Sphere 3D (NASDAQ:ANYGet Free Report) last released its earnings results on Wednesday, March 13th. The technology company reported ($0.64) earnings per share for the quarter, missing analysts’ consensus estimates of ($0.28) by ($0.36). The company had revenue of $7.69 million for the quarter, compared to the consensus estimate of $7.70 million. Sphere 3D had a negative net margin of 106.85% and a negative return on equity of 75.32%. Research analysts expect that Sphere 3D will post -1.39 EPS for the current year.

Sphere 3D Company Profile

(Get Free Report)

Sphere 3D Corp. focuses on operating as a carbon neutral bitcoin mining company. The company also provides data management and desktop and application virtualization solutions through hybrid cloud, cloud, and on-premises implementations directly and through its reseller network and professional services organization.

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