Sphere 3D Corp. (NASDAQ:ANY) Sees Significant Decrease in Short Interest

Sphere 3D Corp. (NASDAQ:ANYGet Free Report) saw a significant drop in short interest in 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. Approximately 0.3% of the shares of the stock are short sold. Based on an average daily trading volume, of 250,326 shares, the short-interest ratio is currently 0.1 days.

Institutional Investors Weigh In On Sphere 3D

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

Sphere 3D Price Performance

ANY traded up $0.14 during trading on Friday, hitting $1.91. 6,471,550 shares of the stock traded hands, compared to its average volume of 473,675. The firm has a market capitalization of $8.10 million, a P/E ratio of -0.55 and a beta of 3.48. Sphere 3D has a 12-month low of $1.08 and a 12-month high of $12.60. The firm has a 50-day moving average of $2.61 and a 200 day moving average of $2.14.

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

Wall Street Analyst Weigh In

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

View Our Latest Stock Report on Sphere 3D

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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