Sphere 3D Corp. (NASDAQ:ANY) Short Interest Update

Sphere 3D Corp. (NASDAQ:ANY) was the target of a significant growth in short interest during the month of January. As of January 15th, there was short interest totaling 125,354 shares, a growth of 88.8% from the December 31st total of 66,398 shares. Currently, 0.4% of the company’s stock are short sold. Based on an average daily trading volume, of 423,246 shares, the days-to-cover ratio is presently 0.3 days. Based on an average daily trading volume, of 423,246 shares, the days-to-cover ratio is presently 0.3 days. Currently, 0.4% of the company’s stock are short sold.

Sphere 3D Stock Down 6.6%

Shares of ANY stock opened at $0.26 on Friday. Sphere 3D has a 52-week low of $0.26 and a 52-week high of $1.26. The company’s 50 day moving average is $0.38 and its 200 day moving average is $0.57. The firm has a market cap of $8.82 million, a price-to-earnings ratio of -0.34 and a beta of 3.65.

Sphere 3D (NASDAQ:ANY) last issued its quarterly earnings results on Tuesday, November 4th. The technology company reported ($0.13) earnings per share for the quarter, missing the consensus estimate of ($0.11) by ($0.02). Sphere 3D had a negative return on equity of 61.18% and a negative net margin of 167.47%.The business had revenue of $2.62 million during the quarter, compared to analyst estimates of $3.00 million. Analysts anticipate that Sphere 3D will post -0.58 EPS for the current fiscal year.

Analyst Ratings Changes

Separately, Weiss Ratings reiterated a “sell (d-)” rating on shares of Sphere 3D in a research report on Wednesday, January 21st. One equities research analyst has rated the stock with a Buy rating and one has issued a Sell rating to the stock. Based on data from MarketBeat.com, Sphere 3D currently has an average rating of “Hold” and an average target price of $3.00.

Insider Buying and Selling

In related news, CEO Kurt L. Kalbfleisch sold 90,000 shares of the business’s stock in a transaction that occurred on Tuesday, December 9th. The shares were sold at an average price of $0.47, for a total value of $42,300.00. Following the completion of the transaction, the chief executive officer directly owned 558,964 shares in the company, valued at $262,713.08. The trade was a 13.87% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Company insiders own 3.90% of the company’s stock.

Hedge Funds Weigh In On Sphere 3D

A hedge fund recently raised its stake in Sphere 3D stock. XTX Topco Ltd lifted its holdings in shares of Sphere 3D Corp. (NASDAQ:ANY) by 51.7% during the second quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 71,682 shares of the technology company’s stock after acquiring an additional 24,424 shares during the period. XTX Topco Ltd owned 0.25% of Sphere 3D worth $42,000 at the end of the most recent reporting period. 17.28% of the stock is currently owned by institutional investors and hedge funds.

About Sphere 3D

Sphere 3D Corporation is a technology company specializing in virtualization, containerization and data management solutions. The company develops software and appliance-based offerings designed to simplify the deployment, mobility and orchestration of applications and data across on-premises, private cloud and public cloud environments. Its platforms enable organizations to consolidate IT infrastructure, improve resource utilization and accelerate application delivery without extensive re-engineering of legacy systems.

Among its key products is the Glassware platform, which allows enterprises to containerize Windows and Linux applications for delivery to virtually any endpoint without needing native software installs.