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

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

Institutional Inflows and Outflows

Several hedge funds have recently bought and sold shares of the company. XTX Topco Ltd boosted its holdings in Sphere 3D by 678.6% in the 4th quarter. XTX Topco Ltd now owns 131,326 shares of the technology company’s stock worth $39,000 after buying an additional 114,460 shares during the period. Armistice Capital LLC bought a new position in Sphere 3D in the 4th quarter worth $465,000. Squarepoint Ops LLC bought a new position in Sphere 3D in the 4th quarter worth $113,000. Jane Street Group LLC bought a new position in Sphere 3D in the 4th quarter worth $37,000. Finally, BNP Paribas Financial Markets boosted its holdings in Sphere 3D by 294.7% in 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 during the period. Institutional investors own 17.28% of the company’s stock.

Sphere 3D Stock Performance

Shares of ANY stock traded down $0.11 during mid-day trading on Tuesday, reaching $3.91. 126,377,827 shares of the company’s stock traded hands, compared to its average volume of 224,347. The firm has a market capitalization of $16.60 million, a PE ratio of -1.25 and a beta of 3.60. The firm has a 50 day moving average price of $1.68 and a two-hundred day moving average price of $2.55. Sphere 3D has a 12 month low of $1.08 and a 12 month high of $12.60.

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

Analyst Upgrades and Downgrades

ANY has been the subject of a number of recent research reports. Wall Street Zen raised shares of Sphere 3D to a “sell” rating in a research report on Saturday, March 21st. Weiss Ratings reissued a “sell (e+)” rating on shares of Sphere 3D in a research report on Monday, May 4th. One analyst has rated the stock with a Sell rating, Based on data from MarketBeat.com, Sphere 3D 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.