Sphere 3D Corp. (NASDAQ:ANY) Short Interest Up 38.4% in February

Sphere 3D Corp. (NASDAQ:ANY) was the target of a significant increase in short interest in February. As of February 28th, there was short interest totalling 570,200 shares, an increase of 38.4% from the February 13th total of 412,100 shares. Based on an average trading volume of 559,300 shares, the days-to-cover ratio is presently 1.0 days. Currently, 2.4% of the company’s stock are sold short.

Institutional Trading of Sphere 3D

A hedge fund recently bought a new stake in Sphere 3D stock. Two Sigma Securities LLC acquired a new stake in shares of Sphere 3D Corp. (NASDAQ:ANY) during the 4th quarter, according to the company in 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 approximately 0.13% of Sphere 3D as of its most recent SEC filing. Institutional investors own 17.28% of the company’s stock.

Analyst Upgrades and Downgrades

Several research analysts recently commented on the company. StockNews.com cut Sphere 3D from a “hold” rating to a “sell” rating in a research note on Tuesday, February 25th. HC Wainwright restated a “buy” rating and set a $3.00 price objective on shares of Sphere 3D in a research note on Monday, November 18th.

Sphere 3D Stock Up 0.2 %

Shares of NASDAQ ANY opened at $0.49 on Tuesday. The stock’s 50 day moving average price is $0.79 and its two-hundred day moving average price is $0.98. Sphere 3D has a 52-week low of $0.48 and a 52-week high of $1.90. The stock has a market capitalization of $12.57 million, a P/E ratio of -0.62 and a beta of 3.11.

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.