Short Interest in Sphere 3D Corp. (NASDAQ:ANY) Increases By 74.0%

Sphere 3D Corp. (NASDAQ:ANY) was the recipient of a significant increase in short interest during the month of May. As of May 15th, there was short interest totaling 148,645 shares, an increase of 74.0% from the April 30th total of 85,431 shares. Based on an average daily volume of 271,104 shares, the short-interest ratio is presently 0.5 days. Currently, 3.7% of the company’s shares are short sold.

Sphere 3D Stock Down 24.6%

Shares of NASDAQ ANY opened at $4.26 on Thursday. The business’s 50 day moving average is $1.81 and its two-hundred day moving average is $2.54. Sphere 3D has a 52-week low of $1.08 and a 52-week high of $12.60. The firm has a market cap of $18.06 million, a price-to-earnings ratio of -1.38 and a beta of 3.63.

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

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently added to or reduced their stakes in ANY. Jane Street Group LLC purchased a new stake in shares of Sphere 3D in the fourth quarter valued at about $37,000. BNP Paribas Financial Markets increased its stake in shares of Sphere 3D by 294.7% during the 3rd 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 in the last quarter. XTX Topco Ltd raised its position in shares of Sphere 3D by 678.6% during the 4th 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 last quarter. Squarepoint Ops LLC acquired a new stake in Sphere 3D during the 4th quarter valued at $113,000. Finally, Armistice Capital LLC purchased a new position in Sphere 3D during the fourth quarter worth $465,000. 17.28% of the stock is currently owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

ANY has been the topic of several recent analyst reports. Weiss Ratings reiterated a “sell (e+)” rating on shares of Sphere 3D in a report on Monday, May 4th. Wall Street Zen raised shares of Sphere 3D to a “sell” rating in a research report on Saturday, March 21st. One equities research analyst has rated the stock with a Sell rating, According to data from MarketBeat, the company currently has an average rating of “Sell”.

Sphere 3D Company Profile

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.