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

Sphere 3D Corp. (NASDAQ:ANY) was the recipient of a large drop in short interest during the month of July. As of July 15th, there was short interest totaling 12,885 shares, a drop of 87.0% from the June 30th total of 99,332 shares. Currently, 0.3% of the shares of the company are sold short. Based on an average daily trading volume, of 250,326 shares, the days-to-cover ratio is currently 0.1 days.

Institutional Trading of Sphere 3D

Several large investors have recently made changes to their positions in ANY. XTX Topco Ltd boosted its position in Sphere 3D by 51.7% in the 2nd quarter. XTX Topco Ltd now owns 71,682 shares of the technology company’s stock valued at $42,000 after buying an additional 24,424 shares during the last quarter. BNP Paribas Financial Markets raised its position 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 acquiring an additional 37,427 shares during the period. Jane Street Group LLC bought a new position in Sphere 3D during the 4th quarter worth approximately $37,000. Squarepoint Ops LLC bought a new position in Sphere 3D during the fourth quarter worth about $113,000. Finally, Armistice Capital LLC bought a new position in shares of Sphere 3D during the 4th quarter valued at about $465,000. Institutional investors own 17.28% of the company’s stock.

Analyst Upgrades and Downgrades

Separately, Weiss Ratings raised shares of Sphere 3D from a “sell (e+)” rating to a “sell (d-)” rating in a research report on Wednesday, June 17th. One analyst has rated the stock with a Sell rating, According to MarketBeat.com, Sphere 3D has a consensus rating of “Sell”.

Sphere 3D Stock Performance

Shares of NASDAQ ANY traded down $0.04 during midday trading on Monday, reaching $1.88. 586,132 shares of the company traded hands, compared to its average volume of 1,718,066. The firm has a market cap of $7.96 million, a PE ratio of -0.54 and a beta of 3.48. The stock’s 50-day simple moving average is $2.61 and its 200-day simple moving average is $2.13. Sphere 3D has a 12 month low of $1.08 and a 12 month high of $12.60.

Sphere 3D (NASDAQ:ANY) last posted its earnings results on Friday, May 8th. The technology company reported ($1.18) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates 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 net margin of 163.45% and a negative return on equity of 78.14%.

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.