Sphere 3D Corp. (NASDAQ:ANY) Short Interest Down 47.4% in February

Sphere 3D Corp. (NASDAQ:ANY) saw a large decrease in short interest during the month of February. As of February 13th, there was short interest totaling 73,636 shares, a decrease of 47.4% from the January 29th total of 140,028 shares. Currently, 2.3% of the company’s shares are short sold. Based on an average trading volume of 191,555 shares, the days-to-cover ratio is currently 0.4 days. Based on an average trading volume of 191,555 shares, the days-to-cover ratio is currently 0.4 days. Currently, 2.3% of the company’s shares are short sold.

Sphere 3D Price Performance

ANY opened at $1.60 on Friday. The company has a market capitalization of $5.42 million, a price-to-earnings ratio of -0.21 and a beta of 3.75. The business’s 50-day moving average price is $2.57 and its two-hundred day moving average price is $5.02. Sphere 3D has a 1 year low of $1.08 and a 1 year high of $12.60.

Wall Street Analysts Forecast Growth

Separately, Weiss Ratings reaffirmed a “sell (d-)” rating on shares of Sphere 3D in a research report on Wednesday, January 21st. One research analyst has rated the stock with a Buy rating and one has assigned a Sell rating to the company. According to data from MarketBeat, the stock has a consensus rating of “Hold” and an average target price of $30.00.

Insider Buying and Selling at Sphere 3D

In related news, CEO Kurt L. Kalbfleisch sold 9,000 shares of Sphere 3D stock in a transaction that occurred on Tuesday, December 9th. The shares were sold at an average price of $4.70, for a total transaction of $42,300.00. Following the transaction, the chief executive officer owned 55,896 shares of the company’s stock, valued at $262,711.20. This trade represents a 13.87% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. 3.90% of the stock is owned by corporate insiders.

Hedge Funds Weigh In On Sphere 3D

A number of large investors have recently bought and sold shares of ANY. BNP Paribas Financial Markets grew its stake in shares of Sphere 3D by 294.7% during the 3rd quarter. BNP Paribas Financial Markets now owns 50,127 shares of the technology company’s stock worth $37,000 after acquiring an additional 37,427 shares in the last quarter. XTX Topco Ltd boosted its holdings in Sphere 3D by 51.7% during the second quarter. XTX Topco Ltd now owns 71,682 shares of the technology company’s stock worth $42,000 after purchasing an additional 24,424 shares during the last quarter. Jane Street Group LLC bought a new position in Sphere 3D in the fourth quarter valued at $37,000. Squarepoint Ops LLC bought a new position in Sphere 3D in the fourth quarter valued at $113,000. Finally, Armistice Capital LLC acquired a new stake in Sphere 3D in the 4th quarter valued at $465,000. Institutional investors and hedge funds own 17.28% of the company’s stock.

Sphere 3D Company Profile

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.