Sphere 3D Corp. (NASDAQ:ANY – Get Free Report) was the recipient of a significant growth in short interest in June. As of June 15th, there was short interest totaling 142,957 shares, a growth of 220.9% from the May 31st total of 44,552 shares. Based on an average daily trading volume, of 15,595,252 shares, the short-interest ratio is presently 0.0 days. Currently, 3.5% of the company’s stock are sold short.
Institutional Inflows and Outflows
A number of large investors have recently made changes to their positions in ANY. BNP Paribas Financial Markets grew its position 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 purchasing an additional 37,427 shares in the last quarter. XTX Topco Ltd lifted 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. Jane Street Group LLC bought a new position in shares of Sphere 3D during the 4th quarter worth approximately $37,000. Squarepoint Ops LLC purchased a new position in shares of Sphere 3D in the 4th quarter worth approximately $113,000. Finally, Armistice Capital LLC purchased a new position in shares of Sphere 3D in the 4th quarter worth approximately $465,000. 17.28% of the stock is owned by institutional investors.
Sphere 3D Trading Down 0.7%
Shares of Sphere 3D stock opened at $2.71 on Tuesday. The stock has a fifty day simple moving average of $2.47 and a 200 day simple moving average of $2.36. Sphere 3D has a 12-month low of $1.08 and a 12-month high of $12.60. The company has a market capitalization of $11.49 million, a P/E ratio of -0.78 and a beta of 3.63.
Wall Street Analyst Weigh In
Several equities research analysts have recently commented on the stock. 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. Wall Street Zen upgraded Sphere 3D to a “sell” rating in a research note on Saturday, March 21st. One equities research analyst has rated the stock with a Sell rating, According to MarketBeat, the company currently has a consensus rating of “Sell”.
View Our Latest Stock Report on Sphere 3D
About Sphere 3D
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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