Sphere 3D Corp. (NASDAQ:ANY) Sees Large Drop in Short Interest

by · The Markets Daily

Sphere 3D Corp. (NASDAQ:ANYGet Free Report) was the recipient of a large decline in short interest in the month of December. As of December 15th, there was short interest totaling 65,154 shares, a decline of 85.5% from the November 30th total of 447,982 shares. Based on an average daily trading volume, of 349,084 shares, the short-interest ratio is currently 0.2 days. Approximately 0.2% of the company’s stock are short sold. Approximately 0.2% of the company’s stock are short sold. Based on an average daily trading volume, of 349,084 shares, the short-interest ratio is currently 0.2 days.

Sphere 3D Price Performance

NASDAQ:ANY traded up $0.03 during mid-day trading on Wednesday, reaching $0.38. The stock had a trading volume of 224,583 shares, compared to its average volume of 653,188. The company has a market capitalization of $12.88 million, a price-to-earnings ratio of -0.50 and a beta of 3.54. Sphere 3D has a 1-year low of $0.35 and a 1-year high of $1.26. The stock’s 50 day simple moving average is $0.57 and its two-hundred day simple moving average is $0.63.

Sphere 3D (NASDAQ:ANYGet Free Report) last issued its quarterly earnings results on Tuesday, November 4th. The technology company reported ($0.13) earnings per share 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%. Sell-side analysts anticipate that Sphere 3D will post -0.58 EPS for the current fiscal year.

Analysts Set New Price Targets

Separately, Weiss Ratings reaffirmed a “sell (d-)” rating on shares of Sphere 3D in a research report on Wednesday, October 8th. One equities research analyst has rated the stock with a Buy rating and one has given a Sell rating to the company. According to MarketBeat, Sphere 3D has an average rating of “Hold” and an average price target of $3.00.

Check Out Our Latest Stock Analysis on Sphere 3D

Insider Transactions at Sphere 3D

In other Sphere 3D news, CEO Kurt L. Kalbfleisch sold 90,000 shares of the business’s stock in a transaction on Tuesday, December 9th. The shares were sold at an average price of $0.47, for a total value of $42,300.00. Following the transaction, the chief executive officer owned 558,964 shares in the company, valued at $262,713.08. The trade was a 13.87% decrease in their position. The sale was disclosed in a filing with the SEC, which is available through the SEC website. 3.90% of the stock is owned by company insiders.

Institutional Inflows and Outflows

Large investors have recently modified their holdings of the business. BNP Paribas Financial Markets boosted its holdings in shares of Sphere 3D by 294.7% in the 3rd quarter. BNP Paribas Financial Markets now owns 50,127 shares of the technology company’s stock valued at $37,000 after buying an additional 37,427 shares during the period. Armistice Capital LLC raised its stake in Sphere 3D by 1.4% during the first quarter. Armistice Capital LLC now owns 2,204,934 shares of the technology company’s stock worth $879,000 after acquiring an additional 30,934 shares during the period. Finally, XTX Topco Ltd lifted its holdings in Sphere 3D by 51.7% in the second quarter. XTX Topco Ltd now owns 71,682 shares of the technology company’s stock worth $42,000 after acquiring an additional 24,424 shares during the last quarter. 17.28% of the stock is currently owned by institutional investors.

Sphere 3D Company Profile

(Get Free Report)

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.

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