Sphere 3D Corp. (NASDAQ:ANY) Short Interest Up 95.2% in March

Sphere 3D Corp. (NASDAQ:ANY) saw a significant growth in short interest in March. As of March 13th, there was short interest totaling 425,770 shares, a growth of 95.2% from the February 26th total of 218,071 shares. Currently, 13.1% of the shares of the stock are sold short. Based on an average daily trading volume, of 2,773,809 shares, the short-interest ratio is currently 0.2 days.

Sphere 3D Trading Up 9.9%

Shares of Sphere 3D stock opened at $1.44 on Thursday. Sphere 3D has a 1 year low of $1.08 and a 1 year high of $12.60. The company has a market cap of $4.85 million, a P/E ratio of -0.19 and a beta of 3.79. The stock has a 50-day moving average price of $1.85 and a 200 day moving average price of $4.45.

Sphere 3D (NASDAQ:ANY) last released its earnings results on Friday, March 6th. The technology company reported ($3.27) earnings per share for the quarter. The business had revenue of $2.72 million for the quarter. Sphere 3D had a negative net margin of 167.47% and a negative return on equity of 61.18%. On average, equities analysts forecast that Sphere 3D will post -0.58 earnings per share for the current fiscal year.

Analyst Ratings Changes

Several equities research analysts have recently weighed in on ANY shares. Weiss Ratings reissued a “sell (d-)” rating on shares of Sphere 3D in a research note on Wednesday, January 21st. Wall Street Zen raised Sphere 3D to a “sell” rating in a research report on Saturday, March 21st. One research analyst has rated the stock with a Buy rating and one has given a Sell rating to the stock. Based on data from MarketBeat, the stock presently has an average rating of “Hold” and an average target price of $30.00.

Institutional Inflows and Outflows

Several large investors have recently added to or reduced their stakes in ANY. Jane Street Group LLC purchased a new stake in Sphere 3D in the 4th quarter worth approximately $37,000. Armistice Capital LLC purchased a new position in shares of Sphere 3D during the 4th quarter valued at $465,000. Squarepoint Ops LLC acquired a new position in shares of Sphere 3D in the fourth quarter worth $113,000. XTX Topco Ltd increased its stake in shares of Sphere 3D by 51.7% in the second quarter. XTX Topco Ltd now owns 71,682 shares of the technology company’s stock worth $42,000 after acquiring an additional 24,424 shares during the last quarter. Finally, BNP Paribas Financial Markets raised its holdings in shares of Sphere 3D by 294.7% during the third 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. Institutional investors and hedge funds own 17.28% of the company’s stock.

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.