Short Interest in Sphere 3D Corp. (NASDAQ:ANY) Grows By 196.1%

Sphere 3D Corp. (NASDAQ:ANY) saw a large increase in short interest during the month of February. As of February 27th, there was short interest totaling 218,071 shares, an increase of 196.1% from the February 12th total of 73,636 shares. Based on an average daily trading volume, of 258,555 shares, the short-interest ratio is currently 0.8 days. Currently, 6.7% of the company’s stock are short sold. Currently, 6.7% of the company’s stock are short sold. Based on an average daily trading volume, of 258,555 shares, the short-interest ratio is currently 0.8 days.

Analyst Upgrades and Downgrades

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

Sphere 3D Trading Up 0.5%

NASDAQ ANY opened at $1.83 on Wednesday. Sphere 3D has a 12 month low of $1.08 and a 12 month high of $12.60. The stock has a 50 day moving average of $2.24 and a 200-day moving average of $4.79. The company has a market cap of $6.17 million, a PE ratio of -0.24 and a beta of 3.79.

Sphere 3D (NASDAQ:ANY) last issued its earnings results on Friday, March 6th. The technology company reported ($3.27) earnings per share for the quarter. Sphere 3D had a negative return on equity of 61.18% and a negative net margin of 167.47%.The firm had revenue of $2.72 million for the quarter. As a group, sell-side analysts predict that Sphere 3D will post -0.58 EPS for the current fiscal year.

Institutional Investors Weigh In On Sphere 3D

Institutional investors and hedge funds have recently modified their holdings of the company. XTX Topco Ltd raised its stake in Sphere 3D by 51.7% in the second quarter. XTX Topco Ltd now owns 71,682 shares of the technology company’s stock valued at $42,000 after buying an additional 24,424 shares during the period. BNP Paribas Financial Markets boosted 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 during the period. Jane Street Group LLC acquired a new position in shares of Sphere 3D during the 4th quarter worth approximately $37,000. Squarepoint Ops LLC acquired a new position in shares of Sphere 3D during the 4th quarter worth approximately $113,000. Finally, Armistice Capital LLC bought a new stake in Sphere 3D in the 4th quarter valued at $465,000. 17.28% of the stock is owned by institutional investors.

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.