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

Sphere 3D Corp. (NASDAQ:ANY) was the target of a large growth in short interest during the month of May. As of May 15th, there was short interest totaling 148,645 shares, a growth of 74.0% from the April 30th total of 85,431 shares. Based on an average daily volume of 271,104 shares, the short-interest ratio is currently 0.5 days. Currently, 3.7% of the shares of the stock are short sold.

Hedge Funds Weigh In On Sphere 3D

A number of institutional investors have recently modified their holdings of ANY. XTX Topco Ltd increased its position in shares of Sphere 3D by 51.7% during the second quarter. XTX Topco Ltd now owns 71,682 shares of the technology company’s stock worth $42,000 after acquiring an additional 24,424 shares during the period. BNP Paribas Financial Markets increased its holdings in Sphere 3D by 294.7% during the third 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 during the period. Jane Street Group LLC purchased a new position in Sphere 3D during the fourth quarter valued at approximately $37,000. Squarepoint Ops LLC purchased a new position in Sphere 3D during the fourth quarter valued at approximately $113,000. Finally, Armistice Capital LLC purchased a new position in Sphere 3D during the fourth quarter valued at approximately $465,000. 17.28% of the stock is owned by hedge funds and other institutional investors.

Sphere 3D Stock Down 2.7%

Sphere 3D stock traded down $0.11 during midday trading on Tuesday, reaching $3.91. The stock had a trading volume of 126,377,827 shares, compared to its average volume of 224,347. Sphere 3D has a 52-week low of $1.08 and a 52-week high of $12.60. The firm has a market cap of $16.60 million, a price-to-earnings ratio of -1.25 and a beta of 3.60. The company has a fifty day moving average of $1.68 and a 200 day moving average of $2.55.

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

Wall Street Analysts Forecast Growth

Several research analysts have commented on ANY shares. Wall Street Zen raised shares of Sphere 3D to a “sell” rating in a report on Saturday, March 21st. Weiss Ratings restated a “sell (e+)” rating on shares of Sphere 3D in a research report on Monday, May 4th. One equities research analyst has rated the stock with a Sell rating, According to MarketBeat, the company has an average rating of “Sell”.

Sphere 3D Company Profile

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.