Sphere 3D Corp. (NASDAQ:ANY) Short Interest Up 220.9% in June

Sphere 3D Corp. (NASDAQ:ANY) was the target of a large growth in short interest in June. As of June 15th, there was short interest totaling 142,957 shares, a growth of 220.9% from the May 31st total of 44,552 shares. Approximately 3.5% of the shares of the stock are short sold. Based on an average daily volume of 15,595,252 shares, the short-interest ratio is currently 0.0 days.

Analysts Set New Price Targets

A number of equities 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 raised shares of Sphere 3D from a “sell (e+)” rating to a “sell (d-)” rating in a research report on Wednesday, June 17th. One equities research analyst has rated the stock with a Sell rating, Based on data from MarketBeat.com, the company currently has an average rating of “Sell”.

Sphere 3D Trading Down 1.3%

Shares of ANY traded down $0.04 during trading hours on Monday, hitting $2.69. The company had a trading volume of 66,626 shares, compared to its average volume of 1,851,636. The company has a market capitalization of $11.44 million, a PE ratio of -0.77 and a beta of 3.63. Sphere 3D has a one year low of $1.08 and a one year high of $12.60. The company’s fifty day moving average price is $2.44 and its two-hundred day moving average price is $2.37.

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 the consensus estimate of ($0.72) by ($0.46). Sphere 3D had a negative net margin of 163.45% and a negative return on equity of 78.14%. The business had revenue of $1.92 million for the quarter, compared to analyst estimates of $2.90 million.

Institutional Investors Weigh In On Sphere 3D

Hedge funds and other institutional investors have recently bought and sold shares of the stock. Armistice Capital LLC purchased a new position in shares of Sphere 3D during the fourth quarter worth approximately $465,000. Squarepoint Ops LLC purchased a new stake in shares of Sphere 3D in the fourth quarter valued at about $113,000. XTX Topco Ltd boosted its stake in shares of 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 buying an additional 114,460 shares during the period. Jane Street Group LLC purchased a new position in shares of Sphere 3D during the fourth quarter worth about $37,000. Finally, BNP Paribas Financial Markets raised its stake in Sphere 3D by 294.7% during the 3rd quarter. BNP Paribas Financial Markets now owns 50,127 shares of the technology company’s stock valued at $37,000 after acquiring an additional 37,427 shares during the last quarter. 17.28% of the stock is currently owned by institutional investors and hedge funds.

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.