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

Sphere 3D Corp. (NASDAQ:ANY) saw a significant drop in short interest during the month of January. As of January 31st, there was short interest totalling 426,500 shares, a drop of 40.9% from the January 15th total of 721,300 shares. Approximately 1.8% of the shares of the company are short sold. Based on an average daily volume of 866,800 shares, the short-interest ratio is presently 0.5 days.

Sphere 3D Price Performance

Shares of Sphere 3D stock opened at $0.74 on Friday. Sphere 3D has a fifty-two week low of $0.67 and a fifty-two week high of $2.68. The firm has a fifty day moving average price of $1.01 and a two-hundred day moving average price of $1.03. The company has a market cap of $18.86 million, a PE ratio of -0.93 and a beta of 2.98.

Wall Street Analyst Weigh In

ANY has been the topic of several recent analyst reports. HC Wainwright reaffirmed a “buy” rating and issued a $3.00 price target on shares of Sphere 3D in a research report on Monday, November 18th. StockNews.com upgraded shares of Sphere 3D from a “sell” rating to a “hold” rating in a research note on Tuesday.

Insider Buying and Selling at Sphere 3D

In other Sphere 3D 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 transaction of $26,200.00. Following the completion of the sale, the chief executive officer now directly owns 597,187 shares in the company, valued at $782,314.97. This represents a 3.24 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Insiders have sold a total of 36,000 shares of company stock worth $46,760 over the last 90 days. Insiders own 5.59% of the company’s stock.

Institutional Trading of Sphere 3D

A hedge fund recently bought a new stake in Sphere 3D stock. Two Sigma Securities LLC purchased a new stake in Sphere 3D Corp. (NASDAQ:ANY) in the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor purchased 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. 17.28% of the stock is owned by institutional investors and hedge funds.

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.