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

Sphere 3D Corp. (NASDAQ:ANY) was the target of a significant increase in short interest in the month of January. As of January 15th, there was short interest totalling 721,300 shares, an increase of 37.7% from the December 31st total of 523,900 shares. Based on an average trading volume of 940,400 shares, the days-to-cover ratio is currently 0.8 days. Currently, 3.0% of the shares of the stock are sold short.

Sphere 3D Stock Performance

ANY traded down $0.00 during mid-day trading on Friday, reaching $0.87. The stock had a trading volume of 261,333 shares, compared to its average volume of 645,088. The firm’s fifty day simple moving average is $1.13 and its two-hundred day simple moving average is $1.05. The stock has a market capitalization of $22.21 million, a P/E ratio of -1.09 and a beta of 2.99. Sphere 3D has a 52 week low of $0.67 and a 52 week high of $2.73.

Insider Activity at Sphere 3D

In other news, CEO Patricia Trompeter sold 20,000 shares of the business’s stock in a transaction on Tuesday, December 10th. The shares were sold at an average price of $1.31, for a total value of $26,200.00. Following the sale, the chief executive officer now owns 597,187 shares in the company, valued at approximately $782,314.97. The trade was a 3.24 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Insiders have sold a total of 36,000 shares of company stock valued at $46,760 over the last quarter. 5.59% of the stock is owned by company insiders.

Institutional Trading of Sphere 3D

A hedge fund recently bought a new stake in Sphere 3D stock. XTX Topco Ltd bought a new stake in shares of Sphere 3D Corp. (NASDAQ:ANY) in the 2nd quarter, according to the company in its most recent filing with the SEC. The fund bought 52,130 shares of the technology company’s stock, valued at approximately $56,000. XTX Topco Ltd owned about 0.28% of Sphere 3D as of its most recent filing with the SEC. 17.28% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

A number of analysts have recently weighed in on ANY shares. StockNews.com lowered Sphere 3D from a “hold” rating to a “sell” rating in a research note on Thursday. HC Wainwright restated a “buy” rating and issued a $3.00 price objective on shares of Sphere 3D in a research report on Monday, November 18th.

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.