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

Sphere 3D Corp. (NASDAQ:ANY) saw a significant increase in short interest in 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. Currently, 3.7% of the shares of the company are sold short. Based on an average trading volume of 271,104 shares, the days-to-cover ratio is presently 0.5 days.

Analyst Ratings Changes

Several analysts recently weighed in on the stock. Weiss Ratings reiterated a “sell (e+)” rating on shares of Sphere 3D in a research report on Monday, May 4th. Wall Street Zen upgraded shares of Sphere 3D to a “sell” rating in a research note on Saturday, March 21st. One research analyst has rated the stock with a Sell rating, According to data from MarketBeat, the stock has an average rating of “Sell”.

Sphere 3D Stock Performance

Shares of NASDAQ:ANY traded up $0.75 during trading hours on Wednesday, hitting $4.66. The stock had a trading volume of 4,596,562 shares, compared to its average volume of 1,792,404. The stock’s fifty day simple moving average is $1.68 and its 200 day simple moving average is $2.55. Sphere 3D has a 1-year low of $1.08 and a 1-year high of $12.60. The firm has a market capitalization of $19.77 million, a price-to-earnings ratio of -1.34 and a beta of 3.63.

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

Institutional Trading of Sphere 3D

A number of hedge funds and other institutional investors have recently made changes to their positions in the stock. XTX Topco Ltd raised its position in shares of Sphere 3D by 51.7% during the 2nd quarter. XTX Topco Ltd now owns 71,682 shares of the technology company’s stock worth $42,000 after buying an additional 24,424 shares in the last quarter. BNP Paribas Financial Markets raised its position 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 buying an additional 37,427 shares in the last quarter. Jane Street Group LLC bought a new stake in shares of Sphere 3D during the 4th quarter worth about $37,000. Squarepoint Ops LLC acquired a new stake in Sphere 3D in the 4th quarter valued at about $113,000. Finally, Armistice Capital LLC acquired a new stake in Sphere 3D in the 4th quarter valued at about $465,000. 17.28% of the stock is currently owned by institutional investors.

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.