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

Sphere 3D Corp. (NASDAQ:ANY) was the target of a significant decline in short interest in the month of January. As of January 31st, there was short interest totalling 426,500 shares, a decline of 40.9% from the January 15th total of 721,300 shares. Currently, 1.8% of the shares of the stock are sold short. Based on an average trading volume of 866,800 shares, the days-to-cover ratio is currently 0.5 days.

Wall Street Analysts Forecast Growth

A number of equities analysts have commented on ANY shares. StockNews.com upgraded shares of Sphere 3D from a “sell” rating to a “hold” rating in a research report on Tuesday. HC Wainwright restated a “buy” rating and issued a $3.00 price target on shares of Sphere 3D in a research report on Monday, November 18th.

Insider Activity at Sphere 3D

In related news, CEO Patricia Trompeter sold 20,000 shares of the company’s stock in a transaction dated Tuesday, December 10th. The shares were sold at an average price of $1.31, for a total value of $26,200.00. Following the sale, the chief executive officer now owns 597,187 shares of the company’s stock, valued at $782,314.97. The trade was a 3.24 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available through this hyperlink. Insiders have sold a total of 36,000 shares of company stock valued at $46,760 over the last quarter. 5.59% of the stock is owned by company insiders.

Hedge Funds Weigh In On Sphere 3D

An institutional investor recently bought a new position in Sphere 3D stock. Two Sigma Securities LLC acquired a new stake in Sphere 3D Corp. (NASDAQ:ANY) during the 4th quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The institutional investor acquired 31,879 shares of the technology company’s stock, valued at approximately $30,000. Two Sigma Securities LLC owned 0.13% of Sphere 3D at the end of the most recent reporting period. Institutional investors and hedge funds own 17.28% of the company’s stock.

Sphere 3D Trading Down 5.2 %

Shares of ANY stock opened at $0.74 on Friday. The firm’s 50 day moving average is $1.01 and its 200-day moving average is $1.03. Sphere 3D has a 1 year low of $0.67 and a 1 year high of $2.68. The firm has a market capitalization of $18.86 million, a price-to-earnings ratio of -0.93 and a beta of 2.98.

Sphere 3D Company Profile

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.