Short Interest in Sphere 3D Corp. (NASDAQ:ANY) Decreases By 70.0%

Sphere 3D Corp. (NASDAQ:ANY) was the recipient of a large decline in short interest in the month of May. As of May 29th, there was short interest totaling 44,552 shares, a decline of 70.0% from the May 14th total of 148,645 shares. Approximately 1.1% of the company’s shares are sold short. Based on an average daily trading volume, of 178,246 shares, the short-interest ratio is presently 0.2 days.

Analyst Ratings Changes

Several analysts have issued reports on ANY shares. Wall Street Zen upgraded Sphere 3D to a “sell” rating in a report on Saturday, March 21st. Weiss Ratings restated a “sell (e+)” rating on shares of Sphere 3D in a report on Monday, May 4th. One analyst has rated the stock with a Sell rating, According to data from MarketBeat.com, Sphere 3D has a consensus rating of “Sell”.

Sphere 3D Price Performance

NASDAQ ANY traded down $0.34 on Friday, hitting $2.83. 329,929 shares of the company were exchanged, compared to its average volume of 8,861,422. The company’s 50 day moving average price is $2.09 and its 200-day moving average price is $2.50. The firm has a market capitalization of $12.00 million, a P/E ratio of -0.81 and a beta of 3.63. Sphere 3D has a twelve month low of $1.08 and a twelve month high of $12.60.

Sphere 3D (NASDAQ:ANY) last announced its earnings results on Friday, May 8th. The technology company reported ($1.18) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of ($0.72) by ($0.46). The company had revenue of $1.92 million for the quarter, compared to the consensus estimate of $2.90 million. Sphere 3D had a negative return on equity of 78.14% and a negative net margin of 163.45%.

Institutional Investors Weigh In On Sphere 3D

A number of large investors have recently added to or reduced their stakes in ANY. Jane Street Group LLC bought a new stake in Sphere 3D during the fourth quarter worth approximately $37,000. BNP Paribas Financial Markets boosted its position in 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 purchasing an additional 37,427 shares during the period. XTX Topco Ltd boosted its position in Sphere 3D by 678.6% during the fourth quarter. XTX Topco Ltd now owns 131,326 shares of the technology company’s stock worth $39,000 after purchasing an additional 114,460 shares during the period. Squarepoint Ops LLC bought a new stake in shares of Sphere 3D in the fourth quarter valued at approximately $113,000. Finally, Armistice Capital LLC bought a new stake in shares of Sphere 3D in the fourth quarter valued at approximately $465,000. Institutional investors 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.