Sphere 3D (NASDAQ:ANY) Shares Down 14.6%


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Shares of Sphere 3D Corp. (NASDAQ:ANY) fell 14.6% during mid-day trading on Tuesday . The company traded as low as $2.51 and last traded at $2.63. 758,430 shares traded hands during trading, a decline of 65% from the average session volume of 2,183,627 shares. The stock had previously closed at $3.08.

The stock’s 50-day moving average is $2.55 and its 200-day moving average is $2.14. The firm has a market capitalization of $20.69 million, a price-to-earnings ratio of -1.93 and a beta of 1.91.

A number of hedge funds have recently added to or reduced their stakes in ANY. LPL Financial LLC bought a new stake in Sphere 3D during the 4th quarter worth approximately $39,000. Renaissance Technologies LLC bought a new stake in Sphere 3D during the 4th quarter worth approximately $151,000. Gladstone Institutional Advisory LLC bought a new stake in Sphere 3D during the 3rd quarter worth approximately $143,000. Finally, Morgan Stanley grew its holdings in Sphere 3D by 44.1% during the 3rd quarter. Morgan Stanley now owns 249,317 shares of the technology company’s stock worth $616,000 after acquiring an additional 76,268 shares during the last quarter. Institutional investors and hedge funds own 6.78% of the company’s stock.

About Sphere 3D (NASDAQ:ANY)

Sphere 3D Corp. provides data management, and desktop and application virtualization solutions in the Americas, Europe, the Middle East, Africa, and the Asia Pacific. It enables organizations to deploy a combination of public, private, or hybrid cloud strategies through containerized applications, virtual desktops, virtual storage, and physical hyper-converged platforms.

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