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

Sphere 3D Corp. (NASDAQ:ANY) was the recipient of a significant decline in short interest in the month of December. As of December 31st, there was short interest totalling 523,900 shares, a decline of 31.5% from the December 15th total of 765,100 shares. Approximately 2.2% of the company’s shares are short sold. Based on an average daily volume of 902,200 shares, the days-to-cover ratio is currently 0.6 days.

Sphere 3D Stock Up 6.9 %

Shares of ANY traded up $0.07 during trading hours on Friday, hitting $1.09. The company had a trading volume of 532,089 shares, compared to its average volume of 724,819. The firm has a market cap of $27.74 million, a price-to-earnings ratio of -1.37 and a beta of 2.99. The business has a fifty day moving average of $1.23 and a 200-day moving average of $1.06. Sphere 3D has a 12 month low of $0.67 and a 12 month high of $2.73.

Analyst Upgrades and Downgrades

Several research firms have issued reports on ANY. StockNews.com downgraded Sphere 3D from a “hold” rating to a “sell” rating in a research note on Tuesday, November 12th. HC Wainwright restated a “buy” rating and issued a $3.00 target price on shares of Sphere 3D in a research note on Monday, November 18th.

Insider Activity at Sphere 3D

In other news, CEO Patricia Trompeter sold 20,000 shares of the stock in a transaction on Tuesday, December 10th. The shares were sold at an average price of $1.31, for a total transaction of $26,200.00. Following the completion of the sale, the chief executive officer now owns 597,187 shares of the company’s stock, valued at $782,314.97. This represents a 3.24 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Over the last 90 days, insiders sold 36,000 shares of company stock worth $46,760. 5.59% of the stock is currently owned by company insiders.

Institutional Investors Weigh In On Sphere 3D

An institutional investor recently bought a new position in Sphere 3D stock. XTX Topco Ltd acquired a new position in shares of Sphere 3D Corp. (NASDAQ:ANY) during the second quarter, according to its most recent filing with the Securities & Exchange Commission. The institutional investor acquired 52,130 shares of the technology company’s stock, valued at approximately $56,000. XTX Topco Ltd owned approximately 0.28% of Sphere 3D as of its most recent SEC filing. 17.28% of the stock is currently owned by institutional investors and hedge funds.

Sphere 3D Company Profile

Sphere 3D Corp. engages in the bitcoin mining business. It is involved with digital asset mining pool operators to provide computing power to the mining pools. The company is based in Stamford, Connecticut.