Sphere 3D Corp. (NASDAQ:ANY) Short Interest Up 2,511.1% in July

Sphere 3D Corp. (NASDAQ:ANY) saw a large increase in short interest in the month of July. As of July 31st, there was short interest totaling 336,444 shares, an increase of 2,511.1% from the July 15th total of 12,885 shares. Approximately 4.2% of the company’s shares are short sold. Based on an average daily volume of 1,463,475 shares, the days-to-cover ratio is currently 0.2 days.

Sphere 3D Stock Performance

NASDAQ:ANY opened at $2.17 on Wednesday. The stock has a 50-day simple moving average of $2.61 and a 200 day simple moving average of $2.04. Sphere 3D has a 52-week low of $1.08 and a 52-week high of $12.60. The company has a market cap of $18.71 million, a PE ratio of -0.62 and a beta of 3.47.

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

Wall Street Analyst Weigh In

Separately, Weiss Ratings raised shares of Sphere 3D from a “sell (e+)” rating to a “sell (d-)” rating in a report on Wednesday, June 17th. One research analyst has rated the stock with a Sell rating, According to MarketBeat.com, Sphere 3D currently has an average rating of “Sell”.

Institutional Inflows and Outflows

A number of hedge funds have recently modified their holdings of ANY. XTX Topco Ltd increased its position in Sphere 3D by 51.7% during the 2nd quarter. XTX Topco Ltd now owns 71,682 shares of the technology company’s stock worth $42,000 after purchasing an additional 24,424 shares in the last quarter. BNP Paribas Financial Markets boosted its stake in shares of Sphere 3D by 294.7% in the 3rd quarter. BNP Paribas Financial Markets now owns 50,127 shares of the technology company’s stock valued at $37,000 after purchasing an additional 37,427 shares during the last quarter. Jane Street Group LLC acquired a new position in shares of Sphere 3D in the 4th quarter valued at about $37,000. Squarepoint Ops LLC bought a new position in shares of Sphere 3D during the 4th quarter worth approximately $113,000. Finally, Armistice Capital LLC acquired a new stake in shares of Sphere 3D during the 4th quarter worth approximately $465,000. Institutional investors own 17.28% of the company’s stock.

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.