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

Sphere 3D Corp. (NASDAQ:ANY) was the recipient of a significant growth in short interest in the month of March. As of March 31st, there was short interest totalling 667,400 shares, a growth of 14.6% from the March 15th total of 582,300 shares. Based on an average daily volume of 1,050,000 shares, the days-to-cover ratio is currently 0.6 days. Currently, 4.0% of the shares of the company are sold short.

Sphere 3D Trading Down 4.7 %

ANY stock traded down $0.05 during midday trading on Tuesday, hitting $1.01. The stock had a trading volume of 203,084 shares, compared to its average volume of 1,062,667. The firm has a market capitalization of $17.98 million, a price-to-earnings ratio of -0.53 and a beta of 2.78. Sphere 3D has a 52 week low of $0.57 and a 52 week high of $4.09. The stock has a 50-day simple moving average of $1.75 and a 200 day simple moving average of $1.68.

Sphere 3D (NASDAQ:ANY) last issued its earnings results on Wednesday, March 13th. The technology company reported ($0.64) EPS for the quarter, missing the consensus estimate of ($0.28) by ($0.36). Sphere 3D had a negative return on equity of 75.32% and a negative net margin of 106.85%. The firm had revenue of $7.69 million during the quarter, compared to the consensus estimate of $7.70 million. On average, equities analysts forecast that Sphere 3D will post -1.39 EPS for the current year.

Institutional Inflows and Outflows

Several hedge funds have recently bought and sold shares of ANY. XTX Topco Ltd bought a new position in Sphere 3D during the first quarter worth about $43,000. Renaissance Technologies LLC increased its holdings in shares of Sphere 3D by 62.9% during the 1st quarter. Renaissance Technologies LLC now owns 851,276 shares of the technology company’s stock worth $1,788,000 after acquiring an additional 328,746 shares during the last quarter. Virtu Financial LLC increased its holdings in shares of Sphere 3D by 537.3% during the 1st quarter. Virtu Financial LLC now owns 122,323 shares of the technology company’s stock worth $257,000 after acquiring an additional 103,130 shares during the last quarter. BNP Paribas Arbitrage SA acquired a new position in shares of Sphere 3D during the 1st quarter worth approximately $48,000. Finally, Vanguard Group Inc. acquired a new position in shares of Sphere 3D during the 3rd quarter worth approximately $110,000. 17.28% of the stock is currently owned by institutional investors and hedge funds.

Analyst Ratings Changes

Several equities research analysts have recently weighed in on ANY shares. StockNews.com raised Sphere 3D from a “sell” rating to a “hold” rating in a research report on Wednesday, March 6th. HC Wainwright reissued a “buy” rating and issued a $5.00 price objective on shares of Sphere 3D in a research report on Thursday, December 28th.

About Sphere 3D

Sphere 3D Corp. focuses on operating as a carbon neutral bitcoin mining company. The company also provides data management and desktop and application virtualization solutions through hybrid cloud, cloud, and on-premises implementations directly and through its reseller network and professional services organization.