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

Sphere 3D Corp. (NASDAQ:ANY) was the recipient of a significant decline in short interest during the month of September. As of September 15th, there was short interest totaling 543,400 shares, a decline of 42.2% from the August 31st total of 939,800 shares. Currently, 2.0% of the shares of the company are short sold. Based on an average trading volume of 978,700 shares, the days-to-cover ratio is currently 0.6 days. Based on an average trading volume of 978,700 shares, the days-to-cover ratio is currently 0.6 days. Currently, 2.0% of the shares of the company are short sold.

Analyst Ratings Changes

ANY has been the topic of a number of research reports. Wall Street Zen raised shares of Sphere 3D from a “strong sell” rating to a “hold” rating in a report on Sunday, August 10th. Weiss Ratings reissued a “sell (d-)” rating on shares of Sphere 3D in a research report on Saturday, September 27th. One equities research analyst has rated the stock with a Buy rating and one has assigned a Sell rating to the company’s stock. According to MarketBeat, Sphere 3D currently has an average rating of “Hold” and an average target price of $3.00.

Sphere 3D Trading Up 6.8%

ANY opened at $0.90 on Tuesday. Sphere 3D has a 12 month low of $0.36 and a 12 month high of $1.90. The company has a market cap of $25.36 million, a PE ratio of -1.47 and a beta of 3.45. The company has a 50 day moving average of $0.63 and a 200 day moving average of $0.63.

Sphere 3D (NASDAQ:ANY) last posted its earnings results on Tuesday, August 5th. The technology company reported ($0.10) earnings per share (EPS) for the quarter, topping the consensus estimate of ($0.11) by $0.01. Sphere 3D had a negative return on equity of 47.27% and a negative net margin of 131.43%.The firm had revenue of $3.02 million for the quarter, compared to the consensus estimate of $4.60 million. Research analysts forecast that Sphere 3D will post -0.58 earnings per share for the current fiscal year.

Institutional Inflows and Outflows

A number of hedge funds have recently added to or reduced their stakes in ANY. Armistice Capital LLC increased its position in shares of Sphere 3D by 1.4% during the first quarter. Armistice Capital LLC now owns 2,204,934 shares of the technology company’s stock valued at $879,000 after buying an additional 30,934 shares during the period. XTX Topco Ltd grew its stake in Sphere 3D by 51.7% during the second quarter. XTX Topco Ltd now owns 71,682 shares of the technology company’s stock valued at $42,000 after acquiring an additional 24,424 shares in the last quarter. Finally, Two Sigma Investments LP increased its holdings in Sphere 3D by 92.0% during the 4th quarter. Two Sigma Investments LP now owns 34,595 shares of the technology company’s stock worth $33,000 after acquiring an additional 16,577 shares during the period. Hedge funds and other institutional investors own 17.28% of the company’s stock.

About Sphere 3D

Sphere 3D Corp. engages in the bitcoin mining business. It is involved with digital asset mining pool operators to provide computing power to the mining pools. The company is based in Stamford, Connecticut.