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

Sphere 3D Corp. (NASDAQ:ANY) was the recipient of a large growth in short interest in the month of January. As of January 15th, there was short interest totaling 125,354 shares, a growth of 88.8% from the December 31st total of 66,398 shares. Currently, 0.4% of the shares of the company are short sold. Based on an average daily volume of 423,246 shares, the short-interest ratio is presently 0.3 days. Based on an average daily volume of 423,246 shares, the short-interest ratio is presently 0.3 days. Currently, 0.4% of the shares of the company are short sold.

Insider Activity

In other news, CEO Kurt L. Kalbfleisch sold 90,000 shares of the firm’s stock in a transaction that occurred on Tuesday, December 9th. The shares were sold at an average price of $0.47, for a total transaction of $42,300.00. Following the transaction, the chief executive officer directly owned 558,964 shares of the company’s stock, valued at approximately $262,713.08. This trade represents a 13.87% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. 3.90% of the stock is currently owned by insiders.

Institutional Trading of Sphere 3D

A hedge fund recently raised its stake in Sphere 3D stock. XTX Topco Ltd boosted its holdings in Sphere 3D Corp. (NASDAQ:ANY) by 51.7% in the second quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 71,682 shares of the technology company’s stock after buying an additional 24,424 shares during the quarter. XTX Topco Ltd owned approximately 0.25% of Sphere 3D worth $42,000 at the end of the most recent reporting period. Institutional investors and hedge funds own 17.28% of the company’s stock.

Analyst Upgrades and Downgrades

Separately, Weiss Ratings reaffirmed a “sell (d-)” rating on shares of Sphere 3D in a report on Wednesday, January 21st. One research analyst has rated the stock with a Buy rating and one has assigned a Sell rating to the stock. Based on data from MarketBeat, the stock currently has a consensus rating of “Hold” and a consensus target price of $3.00.

Sphere 3D Price Performance

Shares of Sphere 3D stock opened at $0.24 on Friday. The company’s 50 day moving average price is $0.37 and its two-hundred day moving average price is $0.56. The firm has a market capitalization of $8.23 million, a P/E ratio of -0.32 and a beta of 3.65. Sphere 3D has a fifty-two week low of $0.24 and a fifty-two week high of $1.26.

Sphere 3D (NASDAQ:ANY) last announced its quarterly earnings results on Tuesday, November 4th. The technology company reported ($0.13) EPS for the quarter, missing analysts’ consensus estimates of ($0.11) by ($0.02). The firm had revenue of $2.62 million during the quarter, compared to the consensus estimate of $3.00 million. Sphere 3D had a negative net margin of 167.47% and a negative return on equity of 61.18%. On average, analysts expect that Sphere 3D will post -0.58 earnings per share for the current year.

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.